Allocated loss adjustment expenses (ALAE) are part of an insurer’s expense reserves that are attributed to the processing of an insurance claim.  ( 18 min )

When does it make sense to buy a guaranteed rather than a non-guaranteed life insurance policy?  ( 20 min )

All-risks coverage is insurance coverage for any incident that an insurance policy doesn’t specifically exclude.  ( 17 min )

An accelerated option in an insurance contract allows the policyholder to withdraw benefits earlier than they would normally be payable.  ( 17 min )

Dealer financing refers to loans originated by a retailer that are sold to a bank or other third-party institutions.  ( 19 min )

A non-admitted balance is an item on an insurer’s balance sheet that represents reinsured liabilities for which the reinsurer has not provided collateral.  ( 18 min )

A lease extension refers to a legal agreement extending the term of an existing lease or rental agreement.  ( 19 min )

A zombie exchange-traded fund (ETF) is generating little interest from new investors and is likely to be shut down by the investment company that issued it.  ( 23 min )

(Bloomberg) -- China’s economy grew slower than expected in the second quarter, with consumer spending easing notably in June, sounding more alarm bells about the recovery. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsRussia Takes ‘Temporary’ Control of Danone, Carlsberg AssetsHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearUS Homeowners Are Tapping $9 Trillion in Real Estate WealthGr  ( 6 min )

(Bloomberg) -- Asian shares face headwinds Monday after the rally in US bonds and stocks hit a wall Friday amid concern that the Federal Reserve can’t claim victory over inflation yet.Most Read from BloombergDollar’s Busted Bull Run Has Doomsayers Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearOil Surge to $80 Shows Long-Awaited Market Tig  ( 8 min )

China's industrial output grew 4.4% in June from a year earlier, unexpectedly accelerating from 3.5% seen in May, but demand remains lukewarm amid a bumpy post-COVID economic recovery. The data released by the National Bureau of Statistics (NBS) on Monday came above expectations for a 2.7% increase in a Reuters poll of analysts. China's post-pandemic economic recovery has slowed sharply after a brisk start in the first quarter, with the central bank pledging more support to boost activity and consumer and business confidence.  ( 5 min )

Bitcoin rose to trade at over US$30,300 on Monday morning in Asia, but the price fell over the weekend to around the pre-Ripple ruling level.  ( 8 min )

Oil prices dipped for a second session on Monday after Libya resumed production over the weekend while China, the world's largest crude importer, is expected to release economic data showing that its post-pandemic recovery is fizzling out. Brent crude futures fell 57 cents, or 0.7%, to $79.30 a barrel by 0055 GMT while U.S. West Texas Intermediate crude was at $74.90 a barrel, down 52 cents, or 0.7%. Prices softened after both benchmarks last week notched a third straight week of gains and touched their highest levels since April when output was shut at oilfields in Libya and Shell halted exports of a Nigerian crude, tightening supply.  ( 7 min )

A bruised dollar took respite on Monday after suffering its worst weekly drop of the year, as traders waited on economic data and policy decisions before selling it down any further. Hikes are expected from the Federal Reserve and European Central Bank next week, but beyond that market pricing implies the Fed will likely stop, before cuts next year, while in Europe another hike probably beckons.  ( 7 min )

Asian shares got off to a subdued start on Monday as markets braced for a raft of Chinese economic data that could well underwhelm, while earnings season picks up steam with Tesla on the docket. The risk of even softer outcomes kept MSCI's broadest index of Asia-Pacific shares outside Japan down 0.2%, though that follows a 5.6% rally last week. Japan's Nikkei was closed for a holiday, though futures were trading near flat.  ( 8 min )

(Bloomberg) -- Right on cue, Tesla Inc. skeptics are pushing back after this year's sizzling $500 billion rally.Most Read from BloombergDollar’s Busted Bull Run Has Doomsayers Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearOil Surge to $80 Shows Long-Awaited Market Tightening Is HereRival automakers pouncing on booming demand for electric  ( 9 min )

Twee jaar geleden stroomde het water door de Zuid-Limburgse straten. Toen was lang niet iedereen uitgebreid verzekerd tegen overstromingen. Nu hebben meer huishoudens en ondernemers dekking, maar nog lang niet iedereen.  ( 7 min )

It’s no secret that the stock market has rallied this year, with year-to-date gains near 17% on the S&P 500 and 35% on the NASDAQ. There’s also talk that this rally could turn into a true bull market, putting investors in an upbeat mood and providing a welcome counterpoint to the widespread belief that the US will see a recession later this year. Watching the market situation from Goldman Sachs, Vice President Deep Mehta sees two paths to take advantage of the current rally: growth and margin ex  ( 10 min )

REITs and real estate mutual funds have their differences, yet they both offer liquidity and easy access to diversified real estate assets.  ( 24 min )

The pact follows agreements at Delta and American that included significant raises for pilots.  ( 27 min )

(Bloomberg) -- Oil fell for a second session as a major Libyan field resumed output after protesters that shut the facility ended their demonstration.Most Read from BloombergDollar’s Busted Bull Run Has Doomsayers Calling End of an EraIsrael Quietly Embeds AI Systems in Deadly Military OperationsUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearOil Surge to $80 Shows Long-Awaited Market Tightening Is HereGlobal benchmark Br  ( 6 min )

A raft of Chinese economic indicators for June - investment, retail sales, industrial production and unemployment - will be released on Monday, as well as the second-quarter GDP report. Activity has slowed, the economy is sliding towards deflation, and investors have shunned China's stocks, bond and currency. China's economic surprises index last week hit a one year-low.  ( 6 min )

Real estate depreciation on rental property can lower your taxable income, but determining it can be complex. Find out how it works and can save you money at tax time.  ( 27 min )

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The Judge appeared to align herself with Coinbase, saying its S-1 may have some legal weight.  ( 8 min )

Second-quarter earnings season continues with reports from Morgan Stanley, Bank of America, Tesla, Goldman Sachs, IBM, Netflix, TSMC, Johnson & Johnson, and Newmont.  ( 27 min )

From plunging car sales to a collapse in Moscow's current-account balance, there's no denying that Russia is suffering severe economic damage.  ( 7 min )

The dominance of the US dollar is slipping — and this global currency fight will determine whether America can stay on top of the world economy.  ( 15 min )

We do know that the outlook for earnings growth in the coming years is bullish. So it wouldn’t be too surprising if stocks end up even higher a year or two from now.  ( 12 min )

After a cooler than expected inflation report sent stocks soaring, investor focus will shift to corporate earnings from the financial and tech sector in the week ahead.  ( 10 min )

We’re in the stock market to generate a profitable return; there’s no other reason to invest in anything, really. That makes the first point any investor needs to consider, the most important question in stock investing, quite simple: Will this stock grow, and produce a return? It’s a situation meant for data analysis, and the Smart Score. The Smart Score is a sophisticated data collection and collation tool, based on an AI algorithm, that scours the markets, gathers the data on thousands of pub  ( 11 min )

The reality TV star shared how she grew her net worth by paying off debt, investing in real estate, and increasing her income.  ( 9 min )

(Bloomberg) -- It just may have been the week that broke the dollar.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionThe greenback’s worst slump since November has a bevy of strategists and investors saying a turnin  ( 9 min )

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A qualified income trust (or QIT) is a special form of trust designed to help people receive long-term care benefits under Medicaid. It is intended for people who make too much money to receive long-term or residential-care benefits under the … Continue reading → The post A Clever Strategy to Get Your Long-Term Care Costs Covered by Medicaid appeared first on SmartAsset Blog.  ( 9 min )

I've been debating whether to pay off my mortgage. I've refinanced at 2.375% and can get a certificate of deposit (CD) for a year at 4%. I was adding to my mortgage payment by about $1,000 a month to pay … Continue reading → The post Ask an Advisor: Should I Pay off My Mortgage or Invest in CDs? I Refinanced My Mortgage at 2.375%, But I Can Get a CD at 4%. Plus, I Want to Retire in 7 Years. appeared first on SmartAsset Blog.  ( 9 min )

If someone close to you has died, the last thing you may want to talk about is money. However, in order to honor their final wishes, you'll need to follow their will (if they left one) or potentially go to … Continue reading → The post How to Deposit a Large Cash Inheritance appeared first on SmartAsset Blog.  ( 8 min )

After a grantor passes away, becoming the trustee can be daunting, especially if you're responsible for distributing property. Houses are among the most valuable assets in a family for financial and sentimental reasons. Therefore, it's critical to understand how to … Continue reading → The post How to Transfer Property Out of a Trust After Death appeared first on SmartAsset Blog.  ( 10 min )

The new workday dead zone is why so many bosses hate hybrid work.  ( 25 min )

(Bloomberg) -- A near-$10 trillion rally for global stocks this year will face a make-or-break moment as hundreds of companies report earnings over the next few weeks.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into Recessio  ( 9 min )

(Bloomberg) -- Federal Reserve policymakers are primed to resume raising interest rates this month and remain open to a further increase later in the year.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’History Says It’s Time to Buy Long-Term Bonds as Peak Rates NearBlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionWhile offic  ( 8 min )

Manufacturing activity is weakening, Europe has slipped into a mild recession, China’s rebound from Covid-19 is sputtering and heavy debt and high interest rates burden many emerging markets.  ( 24 min )

Expect stocks to stay a ‘fat and flat’ range as the economy attempts to navigate a soft landing, say Goldman Sachs analysts.  ( 8 min )

This week in Borderlands: $18B LNG export terminal project moves forward at Texas seaport; DHL investing $560M to expand supply chains in Mexico, South America; German manufacturer announces 1st facility in Mexico; and CBP seizes nearly $4 million in meth from a California border crossing. The post Borderlands: $18B LNG export terminal project moves forward at Texas seaport appeared first on FreightWaves.  ( 9 min )

Once the largest actively managed ETF, the fund has shrunk to roughly $9 billion.  ( 25 min )

Investors have long expected inflation to fall back to the Fed’s 2% target relatively quickly, a bet that is starting to look better now than it did a few months ago.  ( 25 min )

Mutual fund turnover ratios have an ideal ratio that may differ based on the type of mutual fund and your investment goals.  ( 18 min )

(Bloomberg) -- China is likely to report rapid economic expansion for the second quarter, although underlying figures will reveal a more challenging picture.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionWho’s Winning the Money Race for President as 2024 Heats UpThe comparison  ( 10 min )

PricewaterhouseCoopers (PwC), which has been Credit Suisse's auditor since 2020, will audit the acquired bank's accounts for 2023, according to the newspaper. UBS agreed to buy Credit Suisse for 3 billion Swiss francs ($3.48 billion) in March after panicked customers withdrew cash from their accounts at the stricken lender. PwC in Credit Suisse's 2022 annual report had included an "adverse opinion" on the effectiveness of the bank's internal controls over its reporting but said its statements "present fairly, in all material respects" the financial position of the bank from 2020 through 2022.  ( 7 min )

Stocks surged this past week on evidence that inflation is cooling.  ( 28 min )

Catch-up contributions will have to be done after taxes for those who make more than $145,000.  ( 21 min )

A flurry of economic data from China on Monday is expected to show its post-pandemic bounce is quickly fizzling out, raising expectations that Beijing needs to unveil more stimulus measures soon to shore up activity and shaky consumer confidence.  ( 7 min )

In a market where capacity is abundant, it is difficult to identify underlying shifts in demand. The post Annual demand dip paints incomplete picture of California markets appeared first on FreightWaves.  ( 7 min )

REITs and real estate mutual funds have their differences, yet they both offer liquidity and easy access to diversified real estate assets.  ( 24 min )

Learn how the law of supply and demand affects the oil industry. Supply and demand determine the price of oil and drive behavior in the oil industry.  ( 22 min )

Asset management is the practice of increasing wealth over time by acquiring, maintaining, and trading investments that can grow in value.  ( 25 min )

Read about the top five Chinese oil companies as measured by revenues, and learn a little more about their business operations.  ( 22 min )

Real estate depreciation on rental property can lower your taxable income, but determining it can be complex. Find out how it works and can save you money at tax time.  ( 27 min )

The United Kingdom has one of the strongest economies in the world thanks to the strength of its services, manufacturing, construction, and tourism sectors.  ( 24 min )

Though over half of 50 states produce at least some crude oil, there are six in particular that are responsible for the bulk of U.S. production.  ( 27 min )

A real estate investment trust (REIT) invests in income-producing real estate and trades like stocks. Real estate funds are mutual funds that may invest in REITs.  ( 23 min )

A grant-in-aid is the transfer of national funding to state, local, private, or individual entities for a project.  ( 18 min )

Is the iShares Year Treasury Bond ETF (TLT) a good bet for the long run?  ( 18 min )

Buying then selling the same stock on the same day is called day trading. Your broker may restrict you from day trading if you are new to investing.  ( 18 min )

Learn about how investors should evaluate bond performance. See how the maturity of a bond can impact its exposure to interest rate risk.  ( 21 min )

Explore how the concepts of R-squared and beta are related and often used in conjunction with portfolio alpha.  ( 20 min )

Looking for the latest TD Bank CD rates? Our guide covers the current rates, term lengths, and minimum deposit requirements, helping you make an informed decision.  ( 20 min )

Why is the airline industry synonymous with ongoing losses and insolvency? We list four reasons.  ( 19 min )

Hard goods and soft goods in retail refer to two different types of products that are offered in stores. Soft good are generally items that are literally soft, such as bedding and clothes.  ( 19 min )

The law of supply and demand is an economic theory that drives many industries, including the real estate market.  ( 22 min )

Property Appraisal and Valuation Equity (PAVE) describes a situation in which property appraisals are not affected by bias or discrimination.  ( 25 min )

Like a tune-up for a car, portfolio realignment should minimize trouble down the road. Learn how to use a rebalance to minimize your portfolio risk.  ( 23 min )

An economy is a system of production and consumption activities that determines how resources are allocated among all of its participants. Learn how it works.  ( 28 min )

The cross elasticity of demand measures the responsiveness in the quantity demanded of one good when the price changes for another good. Learn how it works.  ( 27 min )

Inflation may be cooling, but after 18 months of higher prices, parents are prioritizing school supplies and cutting back on apparel and tech devices in their back-to-school budgets this year.  ( 17 min )

What was the value of the Dow Jones Industrial Average on Jan. 20, 2009, inauguration day for Obama, and did it perform during his presidency?  ( 23 min )

Explore the impact of real value and nominal value on stock trading. Find out how these values are assigned and what causes them to change.  ( 18 min )

Mutual fund turnover ratios have an ideal ratio that may differ based on the type of mutual fund and your investment goals.  ( 18 min )

Learn more about the Iran Nuclear Deal, including its implementation, its cancellation, and the potential next steps.  ( 25 min )

The Bank of England (BoE) is the central bank of the United Kingdom. Its role is similar to that of the Federal Reserve in the U.S.  ( 23 min )

When deciding whether to pursue a master's degree in the U.S. or the U.K., consider degree structure, cost, and quality of education.  ( 23 min )

Het populaire schietspel Call of Duty blijft ondanks de overname van Activision Blizzard door Microsoft beschikbaar voor PlayStations. Volgens Microsoft is dat in een overeenkomst vastgelegd. Het gaat om de grootste overname ooit in de gamingindustrie.  ( 4 min )

Rusland heeft de controle overgenomen over de Russische activa van het Franse voedingsmiddelenconcern Danone en de Deense bierbrouwer Carlsberg. De aandelen van beide multinationals zijn "tijdelijk" onder controle gesteld van de staat, naar een decreet van president Vladimir Poetin.  ( 3 min )

Institutionele beleggers zoals verzekeraars en pensioenfondsen willen dat beursgenoteerde bedrijven hun aandeelhoudersvergaderingen strakker gaan leiden. Dit jaar werden onder meer vergaderingen van ING en Ahold Delhaize verstoord door klimaatactivisten, die om de beurt telkens dezelfde vraag gingen stellen.  ( 4 min )

Institutionele beleggers zoals verzekeraars en pensioenfondsen willen dat beursgenoteerde bedrijven hun aandeelhoudersvergaderingen strakker gaan leiden. Dit jaar werden onder meer vergaderingen van ING en Ahold Delhaize verstoord door klimaatactivisten die om de beurt telkens dezelfde vraag gingen stellen.  ( 4 min )

Het laatste graanschip is zondag uit de haven van de Zuid-Oekraïense stad Odesa gevaren, voordat maandag de VN-deal afloopt die de export van voedsel regelt. Oekraïne en Rusland zijn het nog altijd niet eens over een verlenging van de deal.  ( 3 min )

De winkels van Chasin', het spijkerbroekenmerk van de failliete kledingketen Score, gaan verder onder een nieuwe eigenaar. De JOG Group, bekend van onder meer Jeans Centre, neemt ook de bijbehorende groothandel en webshop over.  ( 3 min )

Turkije heeft de belasting op benzine zondag met bijna 200 procent verhoogd. Die stap moet de regering van president Recep Tayyip Erdogan helpen bij de uitgaven aan bijvoorbeeld schadeherstel na de aardbevingen in het land eerder dit jaar.  ( 4 min )

De elektriciteitsprijzen op de spotmarkt in tal van Europese landen, waaronder Nederland, zullen dit weekend onder nul dalen. Dit gebeurt om er overal veel wind is terwijl er in de zomer steevast ook veel energie opgewekt wordt met zonnepanelen.  ( 4 min )

Het is erg vervelend als je tijdens een reis met een lege smartphone-accu komt te zitten. Zeker als er geen stopcontact in de buurt is. Een powerbank kan de oplossing zijn. Maar welke kies je?  ( 3 min )

De elektriciteitsprijzen op de spotmarkt in tal van Europese landen zullen dit weekend onder nul dalen. Dit gebeurt om er overal veel wind is terwijl er in de zomer steevast ook veel energie opgewekt wordt met zonnepanelen.  ( 4 min )

De Verenigde Staten zijn niet bereid om handelstarieven voor Chinese producten af te schaffen. "De tarieven zijn ingevoerd omdat we ons zorgen maakten over oneerlijke handelspraktijken aan de kant van China. Die zorgen zijn er nog", zegt financiënminister Janet Yellen.  ( 4 min )

Twitter is sinds de overname door Elon Musk ongeveer de helft van zijn advertentie-inkomsten kwijtgeraakt. Ook kampt de berichtendienst met een grote schuldenlast en een negatieve kasstroom. Dat wil zeggen dat er meer geld de onderneming uitgaat, dan dat er binnenkomt.  ( 4 min )

De WOZ-waarde van koopwoningen blijft stijgen, ook nu de huizenmarkt is afgekoeld. Velen zijn daar niet gelukkig mee, want daardoor betaal je hogere belastingen. Maar er zitten ook voordelen aan een hoge WOZ-waarde.  ( 6 min )

Huizenkopers, bouwbedrijven en corporaties vrezen dat de toch al stroeve woningbouw nog verder stilvalt nu het kabinet is gevallen. Dit omdat wetten die de huizenmarkt vlot moeten trekken mogelijk op de plank blijven liggen.  ( 6 min )

Learn how to read a candlestick chart and spot candlestick patterns that aid in analyzing price direction, previous price movements, and trader sentiments.  ( 26 min )

Only companies with a solid history and top-notch management behind them are considered for listing on the NASDAQ.  ( 21 min )

Your premium is based on you (your age, driving record, etc.), your car (its age, where your drive it), and the types of insurance you want to buy.  ( 23 min )

Considering a new certificate of deposit (CD) account? Learn more about Truist Bank’s CD, its terms, rates, account features, and early withdrawal penalties.  ( 19 min )

CDs offer a conservative investment for a set number of months or years. Marcus offers competitive CD rates on a variety of terms.  ( 19 min )

Use and occupancy insurance is the obsolete name of business interruption insurance, which covers loss of business from a covered disaster.  ( 18 min )

A Bumbershoot policy is a specialized form of umbrella liability insurance that covers nonmarine and maritime liability exposures.  ( 19 min )

A mutual fund can be a load or a no-load fund and the classification will determine if an investor pays a sales charge. While some funds may not have a sales charge that does not mean they do not have fees that will impact the return to the investor.  ( 20 min )

Knightsbridge, West Brompton, Chelsea, Kensington, and Westminster have some of the most expensive homes in the U.K. Learn about the top five most expensive neighborhoods in London to understand what makes it such a desirable place to live and why it is so expensive.  ( 22 min )

In each country, Netflix offers different shows and movies, and your account will not work when moving between countries.  ( 20 min )

An agreed amount clause is a property insurance provision where the insurer agrees to waive the coinsurance requirement for the insured.  ( 18 min )

A loss payable clause is an endorsement where an insurer pays a third party for a loss in lieu of the named insured or beneficiary.  ( 19 min )

Gross net written premium income is the amount of an insurance company’s premiums that are used to determine the amount of premiums owed to a reinsurer.  ( 18 min )

Auto insurance is purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Discover more about it here.  ( 20 min )

A claims adjuster investigates insurance claims to determine the extent of the insurance company's liability.  ( 22 min )

A requisition is a documented request for an item to be delivered by a certain date. Read how requisitions work as part of the procurement process.  ( 21 min )

When dealing with divorce, life insurance is an important part of the process but is often overlooked. Don't make that mistake.  ( 25 min )

Trading in your old car at the dealer where you're buying a new car can be convenient, but you may do better financially by selling it yourself.  ( 19 min )

A debt instrument is a tool an entity can use to raise capital. Any type of instrument primarily classified as debt can be considered a debt instrument.  ( 23 min )

A bungalow is a small house, cottage or cabin that was originally designed to provide affordable, modern housing for the working class.  ( 19 min )

Should you buy a new or used car? Here are the pros and cons of each, and how to decide which is right for you  ( 23 min )

Learn about the optimal time for purchasing personal life insurance and why delaying the buying decision may have costly consequences.  ( 26 min )

While the crypto industry earned a short-term win on Thursday, there are many factors at play that will determine whether the ruling in the Ripple case will have a long-term impact on crypto assets.  ( 21 min )

Venture capital is money, technical, or managerial expertise provided by investors to startup firms with long-term growth potential.  ( 35 min )

The 2019 tax filing deadline is Monday, July 17, with as many as 1.5 million taxpayers owed an average $893, the Internal Revenue Service said.  ( 17 min )

The student loan interest deduction allows for a tax break of up to $2,500 for interest payments on loans for higher education. Here's how to qualify.  ( 26 min )

Brexit has raised questions about whether the city can keep its position at the heart of the global financial system. We briefly trace the history of how it got there.  ( 27 min )

The procedural move suggests that the federal agency will give the closely-watched application a serious look.  ( 6 min )

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In the early hours of Saturday morning, Musk tweeted Twitter was suffering from an ongoing negative cash flow issue due to an approximately 50 percent drop in advertising revenue and heavy debt burden.  ( 6 min )

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(Bloomberg) -- The $9 trillion of Chinese local government bonds that helped drag the rest of the world out of the 2008 financial crisis are a growing risk this time around.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionWho’s Winning the Money Race for President as 2024 Heats  ( 8 min )

(Bloomberg) -- Investors loading up on long-term bonds have history at their back.Most Read from BloombergTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’US Homeowners Are Tapping $9 Trillion in Real Estate WealthSingapore Arrests Minister, Property Tycoon in Graft ProbeTesla Starts Cybertruck Production Two Years Behind ScheduleFTC Loses Appeal Bid to Block Microsoft-Activision DealFor decades, Treasuries maturing in 10 or more years have consistently outperformed shorter-dated  ( 9 min )

A&W and Keurig Dr Pepper will pay $15 million to settle a class-action suit that claimed false advertising because real aged vanilla was not used.  ( 7 min )

A mutual fund can be a load or a no-load fund and the classification will determine if an investor pays a sales charge. While some funds may not have a sales charge that does not mean they do not have fees that will impact the return to the investor.  ( 20 min )

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The market for new high-end luxury watches is still strong despite big drops in luxury watch prices on the secondary market.  ( 9 min )

The electric pickup rolled off the line at the company’s Texas factory nearly four years after a prototype was unveiled.  ( 25 min )

Ripple’s courtroom victory against the SEC was a win for holders of many leading altcoins this week.  ( 7 min )

According to a new survey by the nonprofit Transamerica Center for Retirement Studies, 55% of workers plan to work after they retire. That includes almost 20% who plan to work full time and more than a third who plan to work part time. Even more eye-opening: a staggering 15% of all workers expect their primary source of retirement income to come from working,  ( 9 min )

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Goldman Sachs’ former recruitment chief has accused it of creating a “culture of bullying” that caused staff to “sob” through meetings and led to him having a mental breakdown.  ( 7 min )

Anheuser-Busch InBev (NYSE:BUD), the multinational brewing company behind Bud Light, is facing a crisis, and a former executive has offered his perspective on the situation. "It looks like the battle has already been lost," Anson Frericks, former president of Anheuser Busch Sales & Distribution Co., wrote in a recent column for the Daily Mail. In April, Bud Light partnered with transgender social media influencer Dylan Mulvaney, who has 10.7 million followers on TikTok. The collaboration trigger  ( 9 min )

While the crypto industry earned a short-term win on Thursday, there are many factors at play that will determine whether the ruling in the Ripple case will have a long-term impact on crypto assets.  ( 21 min )

Many borrower advocates are unhappy with the president's response to last month's SCOTUS ruling against student debt cancellation.  ( 11 min )

Companies create committees and teams to seize on the potential of artificial intelligence as executives debate how best to handle the technology.  ( 27 min )

The same is true with pretty much any skilled tradesperson these days. Don’t take it personally: There are all sorts of explanations, and only some may be your fault.  ( 26 min )

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How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with the IRS. But even … Continue reading → The post Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Money Can I Give Away Without ‘Incurring a Tax Issue With the IRS?' appeared first on SmartAsset Blog.  ( 9 min )

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(Bloomberg) -- India and the United Arab Emirates agreed to use their respective local currencies for cross-border transactions, as Prime Minister Narendra Modi pushes the rupee’s role on the global stage.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionWho’s Winning the Money R  ( 6 min )

A $10 million nest egg will pay for a comfortable retirement for the majority of retirement savers. However, whether that much is enough to fund any specific retiree's golden years depends on a number of factors. This includes pre-retirement lifestyle … Continue reading → The post Is $10 Million Enough to Retire? appeared first on SmartAsset Blog.  ( 8 min )

You are required to report and pay federal taxes on any interest income you receive from a savings account. The income is taxed as unearned, which means you'll escape payroll taxes, but you will owe federal income tax on it … Continue reading → The post How Savings Accounts Are Taxed appeared first on SmartAsset Blog.  ( 9 min )

Pop quiz: True or False – Social Security retirement benefits are subject to income tax just like withdrawals from a traditional IRA account. If you answered "False," you're smarter than more than 60% of your fellow Americans nearing retirement. In … Continue reading → The post Can You Pass This Social Security Quiz? Nearly 7 in 10 People Struggle With These Basic Questions appeared first on SmartAsset Blog.  ( 8 min )

This week's Ripple ruling has brought even more uncertainty and disarray when it comes to regulating crypto. It's time for a solution.  ( 8 min )

UnitedHealth signals that insurers can weather an increase in procedures for more-active seniors.  ( 25 min )

The appeals court decision removes one of the last hurdles to completing the $69 billion deal.  ( 8 min )

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(Bloomberg) -- Don’t belittle Corporate America’s famous profit engine.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionHistory Says It’s Time to Buy Long-Term Bonds as Peak Rates NearEquity strategists are boosting earnings forecasts for the S&P 500 Index over the coming year f  ( 9 min )

The 2019 tax filing deadline is Monday, July 17, with as many as 1.5 million taxpayers owed an average $893, the Internal Revenue Service said.  ( 18 min )

Corporate clients are still cautious, which is hurting the banks that rely on deal making for revenue.  ( 10 min )

Amalgamated has big paper losses and a large number of uninsured deposits.  ( 26 min )

A federal judge has ruled that some sales of the XRP token aren’t covered by a 77-year-old Supreme Court test that created a definition for obscure securities.  ( 25 min )

The importance that Iger accords Hulu as a linchpin in its revival playbook puts Comcast in a strong position to squeeze Disney.  ( 11 min )

The latest chapter in the ongoing saga between the bank and the millennial founder would allow each side to dig for digital evidence.  ( 10 min )

The Competition and Markets Authority (CMA) is now the only global regulator blocking Microsoft’s $69bn (£52bn) takeover of Activision after the US antitrust watchdog lost a key court appeal.  ( 7 min )

As nations seek to cut their carbon footprints, demand has surged for clean energy, fuelling the global competition to secure critical minerals for climate-friendly power sources like batteries. China has been laser-focused on the task. After spending more than US$1 billion to acquire mining sites in Zimbabwe over the past two years, several Chinese-owned companies have now completed construction or upgrades of lithium processing plants. Observers said the new plants would help the country move  ( 10 min )

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(Bloomberg) -- The US inflation rate slipped to a more than two-year low, spelling relief for American consumers and moving the Federal Reserve a step closer toward ending an historic cycle of interest-rate hikes.Most Read from BloombergUS Homeowners Are Tapping $9 Trillion in Real Estate WealthTesla Starts Cybertruck Production Two Years Behind ScheduleTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’BlackRock’s Rieder Says US Doesn’t Have to Fall Into RecessionHistory Says It’s  ( 7 min )

(Bloomberg) -- A US appeals court denied a Federal Trade Commission bid to pause Microsoft Corp.’s acquisition of Activision Blizzard Inc. Friday, clearing a path for the companies to close the largest gaming deal ever in the US.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%Biden Administration to Forgive $39 Billion in Student DebtTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’Treasury Eu  ( 7 min )

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Het Nederlandse bedrijf Fugro heeft van de regering van Curaçao opdracht gekregen een geofysisch onderzoek uit te voeren naar de zeebodem in de wateren rond Curaçao.  ( 3 min )

Stakingen door luchthaven- en luchtvaartpersoneel hebben zaterdag in Italië en België honderden vliegtuigen aan de grond gehouden. Daardoor zijn duizenden reizigers gestrand.  ( 3 min )

Hoewel de productie twee jaar vertraging opliep, heeft Tesla nu toch zijn eerste zogeheten Cybertruck gebouwd. Topman Elon Musk toonde de langverwachte elektrische pick-uptruck zaterdag op Twitter, omringd door tientallen werknemers in veiligheidshesjes en met helmen op.  ( 3 min )

Met de komst van Bard zijn de drie grootste AI-chatbots van het moment nu beschikbaar in Nederland. Gaan deze chatbots de zoekmachines vervangen? En gaan ze veranderen hoe wij in de toekomst het internet gebruiken?  ( 5 min )

Met de komst van Bard zijn de drie grootste AI-chatbots van het moment nu beschikbaar in Nederland. Gaan deze chatbots de zoekmachines vervangen? En gaan ze veranderen hoe wij in de toekomst het internet gebruiken?  ( 4 min )

Hoewel dit weekend een van de drukste periodes van het jaar is voor Schiphol, zijn er vooralsnog geen wachtrijen bij de security. Ook bij de bagageafhandeling zijn geen problemen.  ( 3 min )

Europese consumenten zijn binnenkort mogelijk nog meer geld kwijt voor zoete lekkernijen. De huidige hittegolven drijven de prijs van suiker namelijk op.  ( 3 min )

Europese consumenten zijn binnenkort mogelijk nog meer geld kwijt voor zoete lekkernijen, omdat de huidige hittegolven de prijs van suiker opdrijven.  ( 3 min )

Zo'n 530 Amerikanen hebben persoonlijke schadeclaims ingediend tegen Philips vanwege gezondheidsklachten als gevolg van gebreken bij de slaapapneuapparaten van het zorgtechnologieconcern.  ( 3 min )

De Nederlandse belastingadviseur Frank B. is in New York aangeklaagd voor het maken van plannen om omgerekend meer dan 89 miljoen euro voor de Amerikaanse belastingdienst te verbergen.  ( 4 min )

De Nederlandse belastingadviseur Frank B. is in New York aangeklaagd voor het maken van plannen om meer dan 100 miljoen dollar (89 miljoen euro) voor de Amerikaanse belastingdienst (IRS) te verbergen, aldus de aanklager in New York vrijdag.  ( 4 min )

Het aantal bedrijven dat zich bezighoudt met het plaatsen van zonnepanelen is in tien jaar gegroeid van zo'n 700 naar ruim 5.600. Twee miljoen Nederlandse huizen hebben al zonnepanelen. En voor de resterende paar miljoen huizen zijn handjes nodig.  ( 3 min )

The chief executives of Intel Corp and Qualcomm Inc are planning to visit Washington next week to discuss China policy, according to two sources familiar with the matter. The executives plan to hold meetings with U.S. officials to talk about market conditions, export controls and other matters affecting their businesses, one of the sources said. Intel and Qualcomm declined to comment, and officials at the White House did not immediately return a request for comment.  ( 8 min )

A recent surge in meme stocks is a bad sign for the market, one strategist says. But telling which ones are memes is complicated.  ( 26 min )

Progress is progress, but don’t confuse it with victory. The Fed won’t.  ( 26 min )

Falling inflation has helped boost stocks—and could keep the rally going.  ( 26 min )

While there are still plenty of banks—large and small—to post financial results over the next two weeks, the early read for the sector has been positive.  ( 26 min )

Analysts weigh in on Microsoft, Oracle, U.S. Bancorp, IMAX, American Tower, Haverty Furniture, and Macy’s.  ( 26 min )

As actors go on strike, the entertainment industry is facing a series of major challenges, including the potential end of the pay-TV bundle. For investors, Netflix could be the safest play.  ( 26 min )

The decision to forgive loans for more than 804,000 borrowers comes after the Supreme Court blocked Biden’s loan forgiveness program.  ( 26 min )

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Tanker shipping sanctions compliance is getting a lot more complicated as the price of Russian crude oil rises. The post Russian crude prices have breached the G-7 price cap. Now what? appeared first on FreightWaves.  ( 10 min )

Chevron Corp is comfortable with buying U.S. liquefied natural gas (LNG) on long-term contracts rather than constructing its own U.S. domestic export facility, said Freeman Shaheen, the company's head of global gas. The second largest U.S. oil and gas producer in June 2022 signed agreements with LNG developers Cheniere Energy and Venture Global LNG for a combined 4 million tonnes per annum (MTPA) of the super-chilled natural gases. Chevron owns stakes in LNG projects in Angola, Australia and has taken early steps with partners to advance a floating LNG project off the coast of Israel that would process gas from the Leviathan field.  ( 7 min )

A handful of massive growth and technology names that have dominated the U.S. stock market in 2023 are set to report earnings in coming weeks, potentially determining the path for this year’s equity rally. Lately dubbed the “Magnificent Seven” by investors, shares of the U.S. companies with the biggest market values soared between 40% and over 200% so far this year. The outsized gains have come with big earnings expectations for the seven companies: Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta Platforms.  ( 8 min )

(Bloomberg) -- Nikola Corp. has finally reignited some of the fervor of its once die hard day-trading fans.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%Biden Administration to Forgive $39 Billion in Student DebtTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’Treasury Euphoria Dwindles After Hot Economic Data: Markets WrapThe electric-vehicle maker gained around 60% this week thanks to a ra  ( 8 min )

Biotech stocks make for an interesting study. They represent a high-risk sector, characterized by famously high overhead and long lead times to develop new products. However, they also hold the potential for high rewards when new drugs open up markets with potential sales targets sometimes reaching billions of dollars. It’s not just the future sales potential that fuels the possibilities for rewards; a successful small-cap biotech company, with a newly approved drug, will frequently attract merg  ( 11 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 20 min )

(Bloomberg) -- The long-awaited broadening in the 2023 equity advance is bringing gains to corners of the market even unabashed bulls may view uneasily.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%Biden Administration to Forgive $39 Billion in Student DebtTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’Treasury Euphoria Dwindles After Hot Economic Data: Markets WrapBoats seaworthy and othe  ( 8 min )

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Here’s our weekly roundup of the most-read articles at Barron’s Advisor.  ( 29 min )

(Bloomberg) -- AT&T Inc. shares hit an almost three-decade low Friday amid growing concerns of the potentially high costs the phone giant faces if it must clean up contamination due to lead-clad wiring throughout parts of its nationwide network.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudMicros  ( 7 min )

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National Amusements said that lower cash flows created uncertainty for the company, triggering discussions to renegotiate debt.  ( 26 min )

Global hedge funds rushed to unwind bets that U.S.-listed stocks will fall, as a persistent rally threatens their performance, JPMorgan Chase and Goldman Sachs told clients in reports. "For hedge funds, shorts have been a challenge since early June especially," JPMorgan said, adding the unwinding of short positions got "extreme" in recent days. Goldman Sachs said in a note on Friday short covering in the so-called U.S. macro products, which include equity index and exchanged-traded funds, reached the largest amount seen since November 2020.  ( 7 min )

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Inheritors subject to a new 10-year payout window don’t have to take required minimum distributions for 2023.  ( 24 min )

U.S. home prices could still drop this year, according to a Pantheon economist, contrasting a narrative the housing market has recovered from higher mortgage rates.  ( 7 min )

SpaceX, the spacecraft manufacturer owned by billionaire Elon Musk, is now worth almost $150 billion after a second share sale by insiders in seven months.  ( 6 min )

During Berkshire Hathaway’s 2019 annual meeting in Omaha, Nebraska, billionaires Bill Gates and Warren Buffett took a break from their busy schedules and visited Dairy Queen for lunch. Buffett, a long-time customer and owner of Dairy Queen through Berkshire Hathaway’s acquisition in 1998, wanted to experience the restaurant’s operations firsthand. One thing that caught Gates and Buffett's attention was how Dairy Queen serves its popular menu item the Blizzard. Each Blizzard is served upside down  ( 8 min )

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Ripple's XRP was down 25% from its highest levels on Thursday.  ( 7 min )

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Americans bought more battery-electric vehicles in the second quarter than ever before. Competitors gained a tiny bit of ground on Tesla.  ( 26 min )

(Bloomberg) -- As big US banks earn more from lending, the question has gnawed: When will depositors see their reward? It’s finally starting.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%Biden Administration to Forgive $39 Billion in Student DebtTreasury Euphoria Dwindles After Hot Economic Data: Markets WrapTop-Ranked Hedge Fund Chief Sees S&P 500 Entering ‘No Man’s Land’Interest expense at Wells Fargo & C  ( 8 min )

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The boss of the world’s biggest asset manager today continued to sing Bitcoin’s praises.  ( 7 min )

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Rising deposit costs aren’t unique to any bank right now—even giants such as JPMorgan Chase and Wells Fargo. But some banks, because of the nature of their business, might be feeling the effect of them more than others. Trust bank State Street beat analysts’ second-quarter bottom-line net income fo  ( 25 min )

Ericsson and Nokia are seeing signs of soft demand from U.S. telecom carriers. Both stocks are down, and the selloff is spreading.  ( 26 min )

A little more than a week after contract talks between UPS and the union representing 340,000 of its workers broke down, UPS said it will begin training nonunion employees in the U.S. to step in should there be a strike, which the union has vowed to do if no agreement is reached by the end of this month. “While we have made great progress and are close to reaching an agreement, we have a responsibility as an essential service provider to take steps to help ensure we can deliver our customers’ packages if the Teamsters choose to strike,” UPS said. Teamster-represented UPS workers voted for a strike authorization last month and union chief Sean O’Brien previously said that a strike was imminent.  ( 7 min )

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First Republic, the failed bank JPMorgan bought in May, provided a $2.7 billion gain but also led to $1.2 billion in credit costs.  ( 34 min )

UPS’ nonunion employees have begun training for a possible work stoppage. The post UPS begins `business continuity’ training to prep for strike appeared first on FreightWaves.  ( 7 min )

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Falling demand for telecommunications equipment impacted sales at Nokia and Ericsson, and ADRs of the two companies dropped.  ( 18 min )

(Bloomberg) -- Cathie Wood fans, after years of steadfastness, have gone AWOL, with her suite of exchange-traded funds seeing outflows in recent months despite all of them posting impressive rallies. Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%Biden Administration to Forgive $39 Billion in Student DebtTreasury Euphoria Dwindles After Hot Economic Data: Markets WrapTop-Ranked Hedge Fund Chief Sees S&P 500  ( 8 min )

(Bloomberg) -- AT&T Inc. shares hit an almost three-decade low Friday amid growing concerns of the potentially high costs the phone giant faces if it must clean up contamination due to lead-clad wiring throughout parts of its nationwide network.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudMicros  ( 7 min )

Falling crude oil prices and lingering worries about the global economy have been sapping power from energy stocks throughout 2023. The sector, which includes oil and oilfield exploration companies, is coming off of two years or rising oil prices and inflation. Now the S&P 500 has broken free from the bear market, but the energy sector is among the biggest laggards with a 7.4% dip.  ( 8 min )

The US dollar has fallen rather hard during the course of the trading week as inflation numbers have cooled off.  ( 7 min )

Dimon says he's not opposed to remote work if it works, but "if it doesn't work, I don't mind getting rid of it."  ( 7 min )

The euro has rallied rather significantly during the course of the week, breaking above the 1.12 level.  ( 7 min )

As earnings reports file in from some of the country’s largest banks, Truist endorses the smaller financial services company that has had a stellar year.  ( 29 min )

AT&T stock was getting hammered on Friday after it was downgraded by JP Morgan analysts who cited slowing growth drivers ahead. The telecom stock (ticker: T) was trading at $14.60, on pace for its lowest close since May 11, 1994, when it closed at $14.58. Analyst Philip Cusick [downgraded the stoc  ( 10 min )

J.P. Morgan analyst Philip Cusick changed his rating of the stock to Neutral from Overweight.  ( 26 min )

(Bloomberg) -- Jamie Dimon and his big bank are channeling Martha and the Vandellas. Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudMicrosoft, Activision Eye UK Rights Sale to Get Merger Done“They’re dancing in the streets,” Dimon said about some rivals on a Friday call with analysts about JPMorga  ( 6 min )

(Bloomberg) -- Bill Harnisch is on a roll. Assets in his Peconic Partners hedge fund are ballooning thanks to a near-perfect run of market timing that included shorting last year’s bear market and pivoting long just as the tide turned.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudMicrosoft, Activ  ( 9 min )

Profits for JPMorgan and Wells surged while falling at Citigroup, revealing a divide in how the banking world is faring.  ( 10 min )

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Microsoft upgraded, AT downgraded: Wall Street's top analyst calls  ( 9 min )

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President Joe Biden's administration has announced it will cancel student debt for over 800,000 borrowers, in relief that totals up to $39 billion.  ( 18 min )

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UnitedHealth beat second-quarter expectations as an acquisition and more Medicare Advantage customers fueled growth that balanced a jump in care use. The health care giant also raised the low end of its 2023 earnings forecast range on Friday after its profit jumped 8% to $5.47 billion in the quarter. UnitedHealth runs a health insurance business that covers more than 50 million people, mostly in the United States.  ( 7 min )

The stock surged nearly 61% to a more than four-month high on Thursday after Nikola entered a deal to sell 50 EVs to BayoTech and purchase low-carbon hydrogen from the firm. The short squeeze in Nikola, after short sellers rushed to exit bearish bets due to a rise in the stock's price, led to a record 317 million shares traded on Thursday. Last week, Nikola reported a sequential jump in EV sales in the second quarter, a positive sign for the startup that has been grappling with a cash crunch and stiff competition.  ( 7 min )

Since hitting bottom last October, the S&P 500 has bounced back strongly – in fact, it’s up approximately 25% from that trough. A rally of that magnitude meets the definition of a bull market, and some economists are saying we’re experiencing just that. A word of caution, however, comes from investment firm Wells Fargo. In a recent warning to investors, investment strategy analyst Austin Pickle notes that a recession is likely in the near future, and says, “With stock valuations full, we believe  ( 11 min )

Between BlackRock's Bitcoin ETF filing and the Ripple court ruling, Coinbase stock has soared. Here's the case for caution.  ( 26 min )

The Education Department said it will begin notifying borrowers on Friday about the automatic discharge.  ( 7 min )

Citigroup had a rocky second quarter. Here are the highlights: Profit dropped 36% to $2.92 billion, or $1.33 per share. Analysts had expected $1.31. Revenue slipped 1% to $19.44 billion. Analysts had expected $19.34 billion. In the institutional clients group, which includes investment bankin  ( 22 min )

China’s economy is having a rough summer, but the country is churning out record amounts of diesel and importing vast amounts of crude oil.  ( 26 min )

Shares of Pfizer Inc (NYSE:PFE) are trading at 52-week lows as investors adjust to the company’s pursuit of a candidate for a weight loss pill, marking its entry into the competitive obesity drug market. The Street responded critically. JPMorgan Chase & Co (NYSE:JPM) analysts called the news a setback for the company. Lotiglipron — the disregarded candidate — was expected to be the stronger contender. Meanwhile, SVB Securities labeled the decision “incrementally negative,” according to Yahoo! Fi  ( 7 min )

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Wells Fargo's profits jumped 57% in the second quarter thanks to higher interest rates and loan balances, the bank said Friday. Like other banks, Wells has benefitted from the Federal Reserve’s aggressive interest rate hikes as the central bank tries to bring down the worst inflation since the 1980s. Wells said it set aside another $949 million in its allowance for credit losses, mostly for commercial real estate office loans and higher credit card loan balances.  ( 7 min )

Wells Fargo’s earnings jumped in the second quarter, joining JPMorgan Chase’s blockbuster report. Here are the highlights: The bank earn  ( 24 min )

SpaceX stock is said to be worth $150 billion. That's more than either Boeing, Raytheon, or Lockheed.  ( 26 min )

Healthcare and insurance company UnitedHealth Group said its revenue grew 16% to $92.9 billion in the latest quarter.  ( 24 min )

America’s 5G revolution is faltering. Ericsson and Nokia shares were both down over 8% in recent trading. Key network suppliers to the likes of Verizon Communications and AT&T, the companies independently cut their profit outlooks on Friday morning as the weak U.S. market shows no immediate sign of  ( 23 min )

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Some truck drivers at Yellow are worried about their retirement plans. Others fear their jobs may be eliminated in the coming months. The post Yellow truck drivers sound off on troubled fleet, Teamsters appeared first on FreightWaves.  ( 16 min )

The result kicked off an earnings season where banks of all sizes will be trying to show that they recovered from one of the most challenging periods since the 2008 financial crisis.  ( 8 min )

The result kicked off an earnings season where banks of all sizes will be trying to show that they recovered from one of the most challenging periods since the 2008 financial crisis.  ( 7 min )

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Net income rose to $4.94 billion, or $1.25 per share, for the three months ended June 30, compared with $3.14 billion, or $0.75 per share, a year earlier, the lender said on Friday. After the Federal Reserve raised interest rates to tame inflation, banks have benefited by charging customers more to borrow money. Fed Chair Jerome Powell signaled late last month that the central bank will likely resume its rate-hiking campaign after leaving the policy rate unchanged in June.  ( 7 min )

Where did the buzz go for Amazon? Out the door with buff founder Jeff Bezos?  ( 9 min )

Where did the buzz go for Amazon? Out the door with buff founder Jeff Bezos?  ( 9 min )

JPMorgan Chase, Wells Fargo, and Citigroup are scheduled to report earnings Friday, UnitedHealth raises its 2023 outlook, and Microsoft shares are upgraded.  ( 27 min )

The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avert budget cuts sought by Republicans who want to gut the agency. IRS leaders said they collected $38 million in delinquent taxes from more than 175 high-income taxpayers in the past few months. In one case, an individual had used money owed to the government to buy a Maserati and a Bentley, and roughly 100 high-income individuals attempted to get favorable tax treatment through Puerto Rico without meeting certain tax requirements.  ( 7 min )

(Bloomberg) -- Investors are piling so much money into stocks that they’ll be ripe for shorting as risks of sticky inflation and hawkish central banks grip markets in the second half of the year, Bank of America Corp. strategists say.Most Read from BloombergHow Much Income You Need to Crack America's Richest 1%Singapore Expands Graft Probe to Include Hotel Tycoon OngEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsMicrosoft, Activis  ( 7 min )

Nokia and Ericsson shares fell after both gave disappointing guidance on Friday and flagged a slowdown in North American sales.  ( 26 min )

The surge in the crypto exchange’s share price was driven largely by investors who saw the decision as a representing a rejection of the SEC’s argument in the lawsuit it filed against Coinbase in June, the report said.  ( 7 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

(Bloomberg) -- Chinese President Xi Jinping finally appears to be extending an olive branch to private businesses battered in recent years by regulatory crackdowns and the world’s most restrictive Covid-19 policies.Most Read from BloombergHow Much Income You Need to Crack America's Richest 1%Singapore Expands Graft Probe to Include Hotel Tycoon OngEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsMicrosoft, Activision Eye UK Rights S  ( 8 min )

The court’s decision weakens the SEC’s stance that the securities law is clear and no separate clarity is required for digital assets, the report said.  ( 7 min )

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at AT&T, Progressive, Alcoa, and SoFi Technologies. AT&T (NYSE:T) shares fell more than 1% pre-market today after JPMorgan downgraded the company to Neutral from Overweight and cut its price target to $17.00 from $22.00, noting that the company is experiencing slightly increased pressure in the Mobility sector from Verizon Communications (NYSE:VZ), T-Mobile US (NASDAQ:TMUS), and cable providers, as well as in the Consumer Wireline segment from cable and FWA providers.  ( 7 min )

There may be no better business out there than payment processing. Yet both stocks look cheap relative to past valuations.  ( 29 min )

XRP token market capitalization has jumped to over $40 billion, its largest level since April 2022.  ( 7 min )

Bitcoin, all other top 10 non-stablecoin tokens logged gains Friday morning. That followed a favorable SEC ruling for Ripple, whose XRP token led the gains.  ( 8 min )

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Over the past two years, inflation has dominated headlines as prices have been rising at their fastest pace since the late 1970s. In June of last year, the inflation rate peaked at a 40-year high of 9.1%, causing significant alarm. However, the latest data from this past June reveals a somewhat encouraging annualized rate of just 3%. Markets rose on the news, reflecting a sense of relief and optimism that the worst is over. With this boost to overall economic sentiment, investors now have a favo  ( 10 min )

Find out who is considered an independent student for financial aid purposes.  ( 23 min )

The main difference between investing and speculating is the amount of risk undertaken in the trade.  ( 22 min )

A subprime auto loan is a type of loan used to finance a car purchase that’s offered to people with low credit scores or limited credit histories.  ( 21 min )

The U.S. government and private lenders can garnish your bank account to recover unpaid student loans in multiple ways  ( 21 min )

Does lending shares in a short sale transaction provide any benefit other than interest on the loan? And who profits—the broker or the shares' owner?  ( 19 min )

Eli Lilly agreed to buy biopharma firm Versanis for up to $1.93 billion, boosting Lilly's reach into the obesity drug market.  ( 16 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

Primarily on the strength of UnitedHealth Group’s earnings, the Dow Jones gained 125 points, finishing higher every day this week  ( 17 min )

Actor Tom Cruise has a net worth of $600 million thanks to his successful 40-year career in Hollywood. Cruise has earned over $1 billion in his career as an actor, and has a real estate portfolio worth millions.  ( 18 min )

30-year mortgage rates have now registered a full week of daily declines, sinking the flagship average more than half a percentage point below the peak notched one week ago.  ( 20 min )

The White House and EPA competitions worth $20 billion to expand investments in new projects aimed at reducing greenhouse gas emissions.  ( 16 min )

SoFi savings account interest rates are above average and the financial services company charges no bank fees—two reasons this savings option is worth considering.  ( 20 min )

Certificates of deposit (CDs) are a good option for conservative investing. Learn about KeyBank’s CDs and rates to see if they’re right for your financial goals.  ( 21 min )

Bask Bank offers an attractive pair of savings accounts: One is a typical high-yield savings account, but the other earns American Airlines AAdvantage miles. See if Bask Bank makes sense for your money.  ( 20 min )

Consumer sentiment jumped in July to the highest level since September 2021, according to the University of Michigan's Consumer Sentiment Index.  ( 16 min )

USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.  ( 18 min )

The second half of the year might appear somewhat more promising, but venture capital funding could remain constrained after plunging in the wake of this spring's bank failures.  ( 18 min )

USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.  ( 18 min )

A Registered Education Savings Plan - RESP is a government-sponsored program that helps pay for a child's future post-secondary education.  ( 19 min )

Major crypto exchanges, such as Coinbase and Kraken, have relisted XRP after a judge ruled the digital asset sold on an exchange is not a security.  ( 18 min )

Falling demand for telecommunications equipment impacted sales at Nokia and Ericsson, and ADRs of the two companies dropped.  ( 17 min )

UnitedHealth Group's double-digit growth for the sixth consecutive quarter, a lower-than-expected increase in costs, and an upward revised earnings outlook pushed the company's share price up in early market trading.  ( 17 min )

U.S. equities were up at midday on Friday, July 14, 2023, and heading for a winning week following inflation and earnings news.  ( 16 min )

Shares of Citigroup declined over 2% intraday on Friday after the bank’s profit and sales dropped in what CEO Jane Fraser called “a disappointing quarter.”  ( 16 min )

A robust demand for loans and higher interest rates that increased its net interest income fueled JPMorgan Chase's second quarter earnings, its first after the acquisition of the ailing First Republic Bank in May.  ( 17 min )

President Joe Biden's administration has announced it will cancel student debt for over 800,000 borrowers, in relief that totals up to $39 billion.  ( 17 min )

Shares of JPMorgan and Wells Fargo surge after reporting earnings that beat analyst expectations and U.K. regulators extend the deadline on the Microsoft-Activision merger probe. Here’s what investors need to know today.  ( 18 min )

Primarily on the strength of UnitedHealth Group’s earnings, the Dow Jones gained 125 points, finishing higher every day this week  ( 1 min )

U.S. equities were up at midday on Friday, July 14, 2023, and heading for a winning week following inflation and earnings news.  ( 1 min )

Shares of JPMorgan and Wells Fargo surge after reporting earnings that beat analyst expectations and U.K. regulators extend the deadline on the Microsoft-Activision merger probe. Here’s what investors need to know today.  ( 1 min )

Eli Lilly agreed to buy biopharma firm Versanis for up to $1.93 billion, boosting Lilly's reach into the obesity drug market.  ( 1 min )

The second half of the year might appear somewhat more promising, but venture capital funding could remain constrained after plunging in the wake of this spring's bank failures.  ( 1 min )

UnitedHealth Group's double-digit growth for the sixth consecutive quarter, a lower-than-expected increase in costs, and an upward revised earnings outlook pushed the company's share price up in early market trading.  ( 1 min )

A robust demand for loans and higher interest rates that increased its net interest income fueled JPMorgan Chase's second quarter earnings, its first after the acquisition of the ailing First Republic Bank in May.  ( 1 min )

Slechte communicatie, leveringsproblemen, constant stukgaan en nu uitstel van betaling: het hippe Amsterdamse fietsenbedrijf VanMoof staat er slecht voor. NU.nl vroeg lezers naar ervaringen met VanMoof - en ontving een stortvloed aan e-mails. Bijna de helft daarvan ging over niet-geleverde fietsen.  ( 5 min )

De chocoladeproducent Ferrero heeft de productie in een Belgische fabriek opnieuw stilgelegd na een nieuwe salmonella-uitbraak. Het bedrijf, bekend van de Kinder Surprises, heeft bevestigd dat geen enkel eindproduct vrij was van de bacterie.  ( 3 min )

Het Duitse autoconcern Volkswagen heeft 321.600 volledig elektrische auto's verkocht in de eerste helft van 2023. Dat is 50 procent meer dan een jaar eerder, toen het bedrijf nog kampte met een tekort aan chips.  ( 3 min )

Honderden medewerkers van het accountantsbedrijf KPMG zijn betrokken bij examenfraude. Zo stuurden werknemers de antwoorden rond naar collega's die een training nog moesten volgen. Het is de eerste keer dat zoiets in Nederland aan het licht komt.  ( 4 min )

Europeanen met een account op Twitter-concurrent Threads kunnen sinds vrijdag geen berichten meer plaatsen. De app is officieel nog niet beschikbaar in de Europese Unie, maar veel Europeanen gebruikten de app via een omweg alsnog.  ( 4 min )

Cryptobedrijven zijn opgetogen over een recente uitspraak van een Amerikaanse rechter. Die gaf cryptobedrijf Ripple deels gelijk in een zaak die was aangespannen door toezichthouder SEC. De uitspraak kan grote gevolgen hebben voor andere uitgevers van digitale munten.  ( 4 min )

India heeft vrijdag de onbemande maanmissie Chandrayaan-3 gelanceerd. Als alles goed gaat, komt de maanlander in de tweede helft van augustus aan op de maan.  ( 3 min )

Medewerkers van de Engelse luchthaven Londen Gatwick gaan deze zomer acht dagen staken. Ze willen meer loon, en dat kan ook Nederlandse reizigers treffen.  ( 3 min )

Het is onrustig in de distributiecentra van supermarktketen Jumbo. Werknemers klagen dat de roosters vaak te laat zijn, dat ze verplicht moeten overwerken en over hoge werkdruk. Vakbond FNV heeft het bedrijf vier weken de tijd gegeven om orde op zaken te stellen.  ( 4 min )

Een nieuw wereldwijd hitterecord hangt in de lucht. Dat zal vrijwel zeker gebeuren in 2024. En de kans groeit dat ook 2023 al recordheet wordt. Dat zeggen Amerikaanse klimaatwetenschappers tegen NU.nl, op basis van de nieuwste temperatuurmetingen.  ( 5 min )

De lonen van bijna een miljoen werkenden gaan de komende twaalf maanden ruim 8 procent omhoog. Dat is afgesproken in de cao's die in juni zijn gesloten, meldt werkgeversvereniging AWVN.  ( 3 min )

Een deel van de klanten van KPN kon vrijdagochtend enkele uren geen tv kijken door een storing. Het probleem is rond 10.30 uur verholpen.  ( 3 min )

In de eerste helft van 2023 werden veel minder kantoren, winkels en woningen verhandeld door vastgoedbeleggers. Zij vinden de aankoop van panden minder interessant door de opgelopen rente.  ( 3 min )

KPN heeft vrijdagochtend te maken met een storing in de interactieve tv-dienst. Daardoor kunnen klanten geen televisiekijken.  ( 3 min )

Klanten met een vast contract kunnen bij het terugleveren van stroom toch te maken krijgen met variabele tarieven, blijkt uit onderzoek van de Consumentenbond onder tientallen energieleveranciers. Toezichthouder ACM zegt dat dergelijk beleid niet mag.  ( 3 min )

Onduidelijkheid over fiscale maatregelen leidt ertoe dat er dit jaar minder elektrische auto's worden verkocht.. Vooral particulieren zijn voorzichtiger, ook op de tweedehandsmarkt.  ( 3 min )

Company says the studies played a significant role in lawsuits over its Baby Powder and Shower to Shower products.  ( 25 min )

Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts.  ( 10 min )

"The American Dream of retirement is going to be a nightmare for too many Gen-Xers," one expert said.  ( 7 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 20 min )

The S&P 500 is up about 25% from its bear market low hit in early October.  ( 29 min )

Shares of Coinbase Global Inc surged by nearly 25% on Thursday, ahead of other cryptocurrency and blockchain-related companies, following a landmark legal victory in a closely-watched lawsuit involving blockchain company Ripple Labs Inc. A U.S. District Judge ruled on Thursday that Ripple Labs did not violate federal securities law by selling its XRP token on public exchanges, a decision that sent the value of the token soaring by as much as 74%. The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs and its current and former chief executives of selling unregistered securities when conducting a $1.3 billion offering for XRP, which was created in 2012.  ( 7 min )

A UnitedHealth executive spooked the market last month with talk of pent-up demand for Medicare Advantage, which would push up costs.  ( 26 min )

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The number of people leaving the workforce to become semi-retired, instead of fully retired, is growing. Here is a look at the reasons and options.  ( 26 min )

The dollar has been on a downward trend. That could be good news for equities and commodities.  ( 8 min )

For first-time homebuyers, finding the perfect time to enter the real estate market can feel like a never-ending game. In the face of record-high inflation, steep interest rates and a dwindling supply of new homes, the path from renter to homeowner has become increasingly challenging. But amidst the economic uncertainties, there are strategic moves potential buyers can make to ensure they are well-prepared when the right opportunity arises. To begin with, it is crucial to have a clear understand  ( 8 min )

Shares of crypto exchange Coinbase Global jumped Thursday after crypto company Ripple Labs defeated part of a regulatory case over its sale of digital token XRP. Co  ( 21 min )

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Wall Street expects Citigroup's second-quarter earnings to tumble from a year ago. The bank reports Friday before the market opens.  ( 26 min )

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ETH Trades Above $2,000, XRP Rockets 55%  ( 8 min )

The telecom giant is set to end Thursday in the red, matching a 7-day losing streak a year ago. One analyst says a report in The Wall Street Journal about lead cables won't help AT&T stock.  ( 26 min )

The judge said the nature of the transaction itself, rather than the token, determined its status under the law.  ( 26 min )

New market intelligence data reveals that the U.S. iPhone market share experienced a significant increase during the first quarter of this year, defying the overall decline observed in the smartphone market. The report indicates that while the smartphone industry faced challenging times, with a sharp decrease in U.S. smartphone shipments, Apple maintained a strong position and expanded its market share. The figures from Counterpoint’s latest market estimates show a concerning 17% year-on-year dr  ( 8 min )

(Bloomberg) -- Cryptocurrencies rallied as digital-asset advocates touted a ruling from a federal judge in the US Securities and Exchange Commission’s lawsuit against Ripple Labs Inc. as a victory for the industry when it comes down to what is classified as a security. Most Read from BloombergEx-Celsius CEO Mashinsky Charged in Latest DOJ Crypto CaseDeSantis Says No Thanks to $377 Million in US Energy FundsFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces M  ( 8 min )

Shares in Viasat plunged by as much as 36% to about a one-year low on Thursday after the U.S. satellite communications firm disclosed that one of its key satellites malfunctioned during deployment in space. The company's ViaSat-3 Americas satellite developed an unexpected fault during its deployment - an issue that might affect its performance, Viasat announced after markets closed on Wednesday, adding that it had launched a review. The satellite, which was launched onboard SpaceX's Falcon Heavy rocket on April 30, is a key part of Viasat's plan to expand its broadband business in the Americas.  ( 7 min )

Health savings accounts (HSAs) are one of the least-known retirement tools available but they can make a big difference in preparing for what can be the biggest concern in retirement – covering healthcare costs. That’s because HSAs offer a triple tax benefit: your money goes in tax-free, your account earnings aren't taxed and withdrawals for […] The post Fidelity Says This Is How to Get More Out of Your HSA appeared first on SmartReads CMS - SmartAsset.  ( 8 min )

XRP climbed as high as 64 cents at one point, its highest level since May.  ( 6 min )

Stocks rose Thursday to keep up their rally as fresh producer prices data showed further signs of cooling inflation.  ( 7 min )

Nikola announces the sale of 50 trucks powered by fuel cells running on hydrogen gas.  ( 26 min )

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Financial Times Meta Platforms Seeks To Launch Commercial Version Of Its Artificial Intelligence Model Meta Platforms Inc (NASDAQ: META) stock is trading higher Thursday amid reports of the company bracing to launch a commercial version of its artificial intelligence model. Now, Meta can compete with Microsoft Corp (NASDAQ: MSFT) -backed OpenAI and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google in the race to develop generative AI. Meta released its language model, LLaMA, to researchers and  ( 10 min )

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↗️ Alphabet (GOOG): The Google parent's stock jumped 4.6% after the tech giant said it was adding more languages to its Bard AI chatbot and expan  ( 22 min )

(Bloomberg) -- Barry Bannister was one of only a handful of Wall Street forecasters who correctly predicted this year’s US stock rally at the start of 2023. Now, the Stifel strategist says this is as good as it gets.Most Read from BloombergHow Much Income You Need to Crack America's Richest 1%Ex-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsFund Titans Are Betting on Everything Gaining Against the DollarEpstein-Staley Emails Reveal  ( 7 min )

Russia's flagship Urals crude oil prices breached the price cap of $60 a barrel on Tuesday, per S&P Global.  ( 7 min )

Investing legend and Berkshire Hathaway Chairman and CEO Warren Buffett continues to demonstrate his commitment to modesty and frugality through his annual salary of $100,000. Despite his status as one of the world's wealthiest people, public filings with the Securities and Exchange Commission reveal that Buffett has not received a pay raise in over four decades. Berkshire Hathaway's recent proxy statement unveils a noteworthy aspect of Buffett's compensation package. While his salary remains mo  ( 9 min )

(Bloomberg) -- Corners of the consumer and corporate market are beginning to feel the pain from the Federal Reserve’s ultra-aggressive rate hikes, even though broader macroeconomic indicators are still showing signs of strength, says Apollo’s Torsten Slok. Most Read from BloombergDeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Mashinsky Charged in Latest DOJ Crypto CaseFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most Serious G  ( 6 min )

Iger's comments could mean Disney will consider selling one or more of its TV networks, which include ABC, FX and National Geographic.  ( 8 min )

Companies that go from losing money to earning money tend to outperform the market. Look to travel stocks, Boeing, Uber, and PG&E.  ( 26 min )

Shares of Progressive fell Thursday after the insurer's second-quarter earnings came in lighter than Wall Street analysts had expected. Progressive stock was recently down more than 8%, on pace for its largest one-day percentage decrease since 2018. Shares of Allstate, [another auto-focused insurer  ( 21 min )

(Bloomberg) -- A week after the US two-year yield topped 5% en route to its highest levels since 2007, the mood has changed completely and bond bulls are mapping out a course for 4%, if not lower. Most Read from BloombergEx-Celsius CEO Mashinsky Charged in Latest DOJ Crypto CaseDeSantis Says No Thanks to $377 Million in US Energy FundsFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most Serious Graft Probe Since 1986NATO Is Papering Over the Cracks After  ( 7 min )

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(Bloomberg) -- Viasat Inc. shares fell as much as 36% Thursday, on track for a record drop if losses hold, after the company said an unexpected event occurred during one of its deployments that could hinder performance of a communication satellite. Most Read from BloombergFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Mashinsky Charged in Latest DO  ( 7 min )

There are murmurings on Wall Street that the big tech-led year-to-date rally is about to run aground, but according to one prominent Wall Street analyst, that is not the case at all. In fact, the opposite is true, says Wedbush’s Daniel Ives, who believes many are in for a positive surprise as Q2 earnings season gets underway. “We believe a new tech bull market has begun to take shape being led by the AI Revolution and we expect to see a better-than-expected 2Q earnings season for the tech space  ( 10 min )

Stocks were poised Thursday to keep up their rally, as investors waited for fresh inflation data and geared up for earnings season.  ( 7 min )

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Advisors often work with high-net-worth clients and are able to understand the expectations wealthy clients have about managing their finances. The good news is that some of those takeaways can be applied to clients who are not high-net-worth individuals. Read … Continue reading → The post 4 Lessons Advisors Can Learn From High-Net-Worth Clients – That Apply to Regular Clients appeared first on SmartAsset Blog.  ( 7 min )

If you're ready to invest $200,000 (or something close to it) with the goal of turning it into $1 million, this article will help you understand your options and focus your investment strategy. If you're not sure what you should do, … Continue reading → The post How to Invest $200K and Turn It Into $1 Million appeared first on SmartAsset Blog.  ( 11 min )

Viasat discloses a problem with one of its new ViaSat-3 satellites.  ( 26 min )

(Bloomberg) -- Exxon Mobil Corp. agreed to buy Denbury Inc. for $4.9 billion, its biggest acquisition in six years, in a deal that will provide the oil giant the largest network of carbon dioxide pipelines in the US.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986Fund Titans Are Betting on Everything Gaining Against the DollarDeSantis Says No Thanks to $377 Million in US Energy FundsNATO Is Papering Over the Cracks After Zelenskiy Loses His CoolInflation at 3%  ( 8 min )

Budgeting for retirement can be more challenging than budgeting for life with a job. You start with a number you think will do the trick and hope that unforeseen circumstances don't drain your savings too early. Similarly, you might not … Continue reading → The post How Long Will $4 Million Last in Retirement? appeared first on SmartAsset Blog.  ( 10 min )

The first quarter of 2022 has been difficult for retirement savers and retirees alike, and according to investment firm Charles Schwab, it was one of the worst quarters for fixed-income in decades. However, the rising yields and changed Federal Reserve … Continue reading → The post Charles Schwab Says Now Is the Time to Add This Asset to Your Retirement Portfolio appeared first on SmartAsset Blog.  ( 8 min )

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Exxon Mobil is buying pipeline operator Denbury for almost $5 billion, a big bet by the oil giant on the business of transporting and storing carbon.  ( 26 min )

The company said shoppers continued to stomach rising food prices, boosting its margins and sales.  ( 24 min )

J.P. Morgan analysts downgraded Carvana stock to Underweight from Neutral after the used-car retailer's recent sharp rally.  ( 26 min )

Wholesale prices in the United States decelerated again last month, the latest sign that inflationary pressures are easing in the face of the Federal Reserve's streak of interest rate hikes. The government's producer price index — which measures inflation before it reaches consumers — rose just 0.1% last month from June 2022, the smallest such increase since August 2020. The index that the Labor Department issued Thursday reflects prices charged by manufacturers, farmers and wholesalers.  ( 6 min )

Subject to regulatory approval, the acquisition is expected to close in the fourth quarter of this year.  ( 26 min )

Wednesday's softer-than-expected inflation data may prove the death knell for the strong U.S. dollar. The dollar fell sharply across the board Wednesday, with the WSJ Dollar Index declining 1%. Its weakness continued Thursday, sending the euro to $1.12 and the British pound to $1.31. Investors hav  ( 22 min )

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I have $800,000 sitting in a money market account because I don't know what else to do with it. My hope was that I could put it in something that can yield around 4-5% growth. I also have $900,000 in my 401(k) that is sitting in minimal-risk accounts with Vanguard. I will be turning 62 […] The post Ask an Advisor: I’m 61 With $900k in My 401(k) and $800K Sitting in a Money Market Account. How Should I Invest? appeared first on SmartReads CMS - SmartAsset.  ( 9 min )

Mortgage defaults have surged at their fastest rate since 2009 as rapidly rising interest rates push more people into financial difficulty.  ( 6 min )

The stock market has rallied this year as investors price out a recession but price in a friendlier Fed. The second belief may not have firm grounding in market history.  ( 8 min )

Delta Air Lines reported Q2 earnings that topped expectations as CEO Ed Bastian says the business is "building a new generation of loyalty."  ( 10 min )

Stocks were poised Thursday to keep up their rally, as investors waited for fresh inflation data and geared up for earnings season.  ( 7 min )

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PepsiCo delivers another earnings day surprise.  ( 8 min )

PepsiCo delivers another earnings day surprise.  ( 8 min )

Delta Air Lines on Thursday lifted its full-year profit outlook after its second-quarter earnings topped Wall Street estimates on a relentless post-pandemic travel boom. In an interview, CEO Ed Bastian said while bookings are expected to follow a seasonal pattern after the Labor Day holiday in September when kids returns to school, overall demand remains "quite strong." "You're going to see continued strong international growth everywhere," he said.  ( 7 min )

Family office advisors share intel about where they're putting money to work now.  ( 11 min )

(Bloomberg) -- China’s exports fell for a second straight month in June, adding to the economic pain that has slowed the nation’s recovery this year.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsInflation at 3% Flags End of Emergency, Turning Point for FedNATO Is Papering Over the Cracks After Zelenskiy Loses His CoolGoldman Breaks Its Own Rule to Flag Results Much Worse Than RivalsExports declined 12  ( 7 min )

(Bloomberg) -- Russia is finally cutting crude exports, at the most advantageous moment possible. Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsInflation at 3% Flags End of Emergency, Turning Point for FedNATO Is Papering Over the Cracks After Zelenskiy Loses His CoolShopify Shames Employees With Cost Calculator for Pointless MeetingsMoscow has pledged to curb shipments to global markets by 500,000 ba  ( 8 min )

(Bloomberg) -- CityPoint, a 36-story office building in London’s financial district, became one of the symbols of the financial crisis when a Beacon Capital Partners Inc. fund missed a payment on loans secured by the property just over a decade ago.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsFund Titans Are Betting on Everything Gaining Against the DollarNATO Is Papering Over the Cracks After Zelens  ( 11 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Foreign direct investment in China fell to $20 billion in the first quarter from $100 billion a year earlier, hurting an already struggling economy.  ( 22 min )

Recursion has a library of 3 trillion searchable genes that will serve as the foundation for the company's AI-powered drug discovery program.  ( 7 min )

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(Bloomberg) -- One of China’s biggest state-run investors is adding to the chorus of warnings over debt risks at the nation’s cash-strapped developers and local government financing vehicles.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsInflation at 3% Flags End of Emergency, Turning Point for FedNATO Is Papering Over the Cracks After Zelenskiy Loses His CoolShopify Shames Employees With Cost Calculat  ( 8 min )

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Hark back to the start of the year and few saw the markets recovering to the extent they have, particularly after 2022’s overall performance was the worst seen since 2008. But here we are more than six months later and the S&P 500 and particularly the tech-loaded NASDAQ have completely exceeded expectations, with the surge built on investors’ appetite for everything AI. But not all stocks have been riding the AI gravy train. Some have been excluded from the rally and have retreated during the ye  ( 9 min )

Russia's current-account surplus tanked 93% to $5.4 billion last quarter from the year-earlier period, Bank of Russia data show, dealing a fresh blow to the beleaguered economy.  ( 6 min )

More and more alternative lenders have emerged for business owners. But beware: Some offer better terms than others.  ( 20 min )

A court decision ruled in favor of Ripple, but a trial will decide other charges against the company's executives.  ( 23 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

The International Energy Agency cut its 2023 oil demand outlook for the first time this year because of the weakening global economy.  ( 17 min )

The Federal Trade Commission has opened an investigation into OpenAI, the maker of ChatGPT, questioning the app's accuracy and consumer protections.  ( 19 min )

Better-than-expected inflation data prompted investors to send the Dow Jones higher for the fourth day in a row.  ( 16 min )

As Disney (DIS) pursues a new strategic partner for ESPN and considers selling its majority stake in the network, there are many companies it could consider for a partnership.  ( 18 min )

The acquisition of the carbon capture business gives Exxon's energy transition plans a boost.  ( 17 min )

A Beacon score is an early FICO credit scoring model that is still in use today but now known simply as a FICO score.  ( 21 min )

A co-branded credit card is sponsored by two parties: typically, a retailer and a bank or card network like Visa or Mastercard and usually bears the logos of both.  ( 22 min )

The Fair and Accurate Credit Transactions Act (FACTA) is a 2003 U.S. law aimed at enhancing consumer protections against identity theft.  ( 23 min )

Credit card encryption is a security measure used to thwart thefts of credit card information, such as account numbers.  ( 22 min )

The number of people leaving the workforce to become semi-retired, instead of fully retired, is growing. Here is a look at the reasons and options.  ( 26 min )

New York and London are frequently listed as the world’s most important financial hubs. See how the two global financial capitals stack up.  ( 22 min )

A 'boiler room operation' uses high-pressure sales tactics and misleading information to entice investors to buy risky stocks.  ( 20 min )

Consumer prices are cooling, making the Fed's moves after July's meeting less clear.  ( 20 min )

For U.S. workers, the cooling job market means that switching jobs doesn’t pay off as much as it did last year.  ( 16 min )

James Bullard, president of the Federal Reserve Bank of St. Louis, stepped down from his post Thursday. As an official of the Federal reserve setting monetary policy, he had a reputation as a "hawk" favoring higher interest rates.  ( 17 min )

The FDA gave its approval to the first-ever over-the-counter birth control pill in the country.  ( 16 min )

Hybrid work schedules could lead to an $800 billion drop in commercial real estate values by 2030, according to a study by McKinsey.  ( 17 min )

Meta will make its open-source language model LLaMA more widely available and customizable by companies in an effort to catch up with artificial intelligence rivals.  ( 17 min )

A judge in the SEC's case against Ripple has ruled the sales of XRP to institutional customers were unregistered securities offerings, even though the token itself may not meet the test for a security.  ( 18 min )

Amazon's latest Prime Day brought in $12.7 billion in 48 hours, according to estimates by Adobe Analytics.  ( 17 min )

PepsiCo exceeded earnings and revenue estimates, and raised its full-year guidance as consumer habits shifted.  ( 16 min )

U.S. equities rose at midday on Thursday, July 13, 2023, after a second report this week showing inflation easing.  ( 16 min )

Comprehensive income is the change in a company's net assets from non-owner sources.  ( 24 min )

Delta Air Lines posted its best quarterly profit and sales ever, and raised its guidance, as air travel demand continued to climb following the pandemic slump.  ( 16 min )

A bank GIRO transfer is commonly used in Europe and is an electronic payment option where banks directly move money from one account to another.  ( 19 min )

Similar to the mortgage-backed securities that led to the 2008 recession, student loan asset-backed securities might cause the next financial crisis.  ( 24 min )

With a fourth day of declines, rates on 30-year mortgages have now erased all of the surge they saw last week. Averages on almost every other loan type moved down as well.  ( 20 min )

Considering the acquisition anti-competitive, FTC filed an appeal to block the $68.7 billion Microsoft-Activision deal that was allowed by a U.S. District Court.  ( 17 min )

The former CEO of bankrupt crypto lender Celsius, Alex Mashinsky, has been arrested as the company faces lawsuits from financial regulators such as the SEC, CFTC, and FTC.  ( 18 min )

The Producer Price Index for final demand, a measure of wholesale prices, rose less than expected, showing relief from pressures that have pushed the cost of living upwards in recent years.  ( 17 min )

Disney’s (DIS) Bob Iger will remain in his position as CEO until 2026, extending a contract that was set to expire at the end of next year.  ( 18 min )

The Consumer Price Index (CPI) measures change over time in the prices paid by consumers for a representative basket of goods and services.  ( 32 min )

Learn the key differences between Tier 1 and Tier 2 pensions, including benefit calculation, risk, flexibility, and responsibility.  ( 22 min )

The producer price index is a monthly measure of change in the prices received by domestic producers.  ( 25 min )

Users can now also 'listen' to responses from Google's Bard chatbot and share those with their contacts. You can even choose the tone the chatbot talks to you in.  ( 17 min )

While borrowers typically need a credit score of at least 640 to qualify for the best personal loans, there are other options. It's possible to get a personal loan with poor credit, but you need to be aware of the consequences.  ( 22 min )

If you have poor credit, having a co-signer can make it easier for you qualify for a personal loan, but they'll be responsible for your debt should you default.  ( 22 min )

Seeking to strengthen liquidity, the SEC approved sweeping reforms to rules governing money market funds. The changes do not include an initial proposal heavily opposed by asset managers.  ( 18 min )

Even as rents break records, the rental market has yet to hit its typical summertime peak.  ( 16 min )

Google rolls out improvements to its AI chatbot, Bard, and Delta shares take off after posting its highest ever quarterly earnings. Here’s what investors need to know today.  ( 18 min )

The Consumer Price Index For All Urban Consumers measures monthly change in U.S. consumer prices.  ( 23 min )

Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.  ( 36 min )

Buying a car is a big purchase, especially if you have to borrow to make it happen. These tips will make sure you get the loan that's right for you.  ( 22 min )

The acquisition of the carbon capture business gives Exxon's energy transition plans a boost.  ( 1 min )

As Disney (DIS) pursues a new strategic partner for ESPN and considers selling its majority stake in the network, there are many companies it could consider for a partnership.  ( 1 min )

Amazon's latest Prime Day brought in $12.7 billion in 48 hours, according to estimates by Adobe Analytics.  ( 1 min )

PepsiCo exceeded earnings and revenue estimates, and raised its full-year guidance as consumer habits shifted.  ( 1 min )

Disney’s (DIS) Bob Iger will remain in his position as CEO until 2026, extending a contract that was set to expire at the end of next year.  ( 1 min )

Better-than-expected inflation data prompted investors to send the Dow Jones higher for the fourth day in a row.  ( 1 min )

U.S. equities rose at midday on Thursday, July 13, 2023, after a second report this week showing inflation easing.  ( 1 min )

Google rolls out improvements to its AI chatbot, Bard, and Delta shares take off after posting its highest ever quarterly earnings. Here’s what investors need to know today.  ( 1 min )

VanMoof-concurrent Cowboy heeft een app uitgebracht waarin mensen met een VanMoof hun digitale fietssleutel kunnen opslaan. Op die manier kunnen ze hun fiets op slot blijven zetten en van het slot halen, mochten de servers van VanMoof eventueel offline gaan.  ( 3 min )

Een groep Amsterdamse bijstandsgezinnen krijgt vanaf volgend jaar 150 euro per maand extra. Tilburg en Zaanstad kondigden eerder al aan mee te doen aan het experiment, dat uitgaat van een "positief mensbeeld", schrijft de gemeente Amsterdam.  ( 4 min )

De Britse regering is akkoord gegaan met de aanbevelingen voor loonsverhogingen in de publieke sector. Onder anderen politieagenten, leraren en artsen kunnen een loonsverhoging verwachten van tussen de 5 en 7 procent.  ( 3 min )

De hippe stadsfietsenmaker VanMoof kreeg woensdag uitstel van betaling van de rechter. Dat kan een voorbode van een faillissement zijn, en dat zou dan weer grote gevolgen hebben voor VanMoof-fietsers. Was jouw fiets net voor reparatie weggebracht? Heb je je bestelling van meer dan 3.000 euro niet ontvangen, of kun je niet naar je werk omdat je fiets stuk is en repareren niet kan nu? Dan zijn we op zoek naar jou!  ( 2 min )

De Europese Unie heft handelsbeperkingen op voor de import van Japanse producten. Er is geen gevaar meer vanwege de ramp met de kerncentrale in Fukushima. Onder meer vis, paddenstoelen en bamboescheuten uit tien Japanse regio's mogen de EU weer in.  ( 3 min )

Het demissionaire kabinet wil dat de verhoging van huren in de vrije sector ook de komende jaren wordt beperkt. Dat moet huurhuizen betaalbaar houden, zegt demissionair minister Hugo de Jonge (Volkshuisvesting).  ( 3 min )

Heb je een VanMoof-fiets (besteld) of staat-ie ter reparatie in de werkplaats, dan breekt er een onzekere periode aan. Want krijg je je fiets (of je geld) nog wel terug?  ( 4 min )

Heb je een VanMoof-fiets (besteld) of staat-ie ter reparatie in de werkplaats, dan breekt er een onzekere periode aan. Want krijg je je fiets (of je geld) nog wel terug?  ( 4 min )

Het demissionaire kabinet wil dat de verhoging van huren in de vrije sector ook de komende jaren wordt beperkt. Dat moet huurhuizen betaalbaar houden, zegt demissionair minister Hugo de Jonge (Volkshuisvesting).  ( 3 min )

De prijs van olie is de laatste dagen weer flink gestegen. Een vat Noordzeeolie kostte donderdagochtend voor het eerst in twee maanden meer dan 80 dollar (71,70 euro). Ook Amerikaanse olie steeg tot bijna 76 dollar, het hoogste punt sinds begin mei.  ( 3 min )

De Russische schatkist heeft de olieopbrengsten in juni zien zakken naar 11,8 miljard dollar (10,6 miljard euro). Dat was 1,5 miljard dollar minder dan de maand ervoor en nog maar iets meer dan de helft van een jaar geleden.  ( 3 min )

De winsten van ondernemers zijn vorig jaar amper toegenomen. Gemiddeld steeg de winst van kleine en middelgrote bedrijven met 1,5 procent. Dat is de kleinste toename in zeker tien jaar. Belangrijke oorzaak zijn de gestegen personeelskosten.  ( 4 min )

Fiscaal adviseur Frank B. is opnieuw aangehouden in Italië om uitgeleverd te worden aan de Verenigde Staten. De Amerikaanse autoriteiten verdenken de adviseur van onder anderen Afrojack ervan dat hij BN'ers heeft geholpen met het ontduiken van belasting.  ( 3 min )

De gemiddelde WOZ-waarde van een huis bedroeg aan het begin van dit jaar 369.000 euro. Dat is 16,4 procent meer dan een jaar eerder en de hoogste waarde ooit.  ( 3 min )

Googles ChatGPT-concurrent Bard is vanaf nu beschikbaar in Nederland én in de Nederlandse taal. De chatbot kan onder meer vragen beantwoorden en e-mails schrijven.  ( 4 min )

De prijs van olie is de laatste dagen weer flink gestegen. Een vat Noordzeeolie kostte donderdagochtend voor het eerst in twee maanden meer dan 80 euro. Ook Amerikaanse olie steeg tot bijna 76 euro, het hoogste punt sinds begin mei.  ( 3 min )

De gemiddelde WOZ-waarde van een huis bedroeg aan het begin van dit jaar 369.000 euro. Dat is 16,4 procent meer dan een jaar eerder en de hoogste waarde ooit.  ( 3 min )

Gezinnen die kampen met een krappe beurs kloppen steeds vaker aan bij fondsen voor steun, blijkt uit een rondgang van NU.nl langs hulporganisaties. Voor het tweede jaar op rij vragen meer ouders om een vergoeding voor bijvoorbeeld schoolspullen of zwemles.  ( 6 min )

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An unexpected event occurred during reflector deployment, the company said, adding that it had started a review. Viasat in May acquired British satellite rival Inmarsat for $7.3 billion, and the merged entity has at least 19 satellites in space. Other Viasat and Inmarsat satellites were not affected, according to Viasat.  ( 6 min )

Berkshire Hathaway Energy recently added to its empire with the purchase of a stake in a large liquefied natural-gas business.  ( 26 min )

(Bloomberg) -- A 14-month low in the US dollar rippled through global currency markets as traders consider the impact of cooling US inflation on the Federal Reserve’s most-aggressive tightening cycle in a generation.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsInflation at 3% Flags End of Emergency, Turning Point for FedGoldman Breaks Its Own Rule to Flag Results Much Worse Than RivalsShopify Shames  ( 8 min )

A Cowen analyst sees a multibillion-dollar opportunity for AMD's new AI chips by 2025.  ( 29 min )

Short sellers forced to cover their positions have driven the market higher this year, with stocks like Coinbase and Carvana soaring.  ( 8 min )

Nvidia remains a Wall Street darling.  ( 8 min )

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The company wants to do more business with high-net-worth and ultrahigh-net-worth investors, who represent more than two-thirds of Schwab’s total retail client assets.  ( 26 min )

The buzz among investors over the last few months has been about artificial intelligence (AI) stocks and how NVIDIA Corp. (NASDAQ:NVDA), Microsoft Corp. (NASDAQ:MSFT) and many other tech companies are poised to make billions of dollars from the technology in years to come. As a result, Nvidia, Microsoft and other tech stocks have soared and brought the Nasdaq Stock Exchange back to life again. But tech isn't the only game in town, and occasionally, slower-moving dividend stocks like real estate  ( 9 min )

(Bloomberg) -- Money-market funds are getting their biggest rules overhaul in years after Wall Street’s top regulator finalized a plan to stem rapid outflows during times of financial stress.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsSaudi Arabia’s PIF Wealth Fund Takes $11 Billion Investment HitUS Inflation Hits Two-Year Low, Giving Hope for End to Fed Hikes‘Pivotal’ US CPI Report to Show Lowest C  ( 8 min )

Lucid stock tumbled as the luxury electric vehicle maker announced second quarter deliveries that missed Wall Street expectations.  ( 8 min )

Billionaire investor Ray Dalio warned of a US debt crisis after Congress passed a deal that would lift the borrowing limit. His prediction may already be coming true.  ( 6 min )

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Lucid Group’s poor second-quarter performance could take some of the spark out of electric-vehicle stocks. The startup said Wednesday that it made 2,173 vehicles in the second quarter and delivered just 1,404 of them. Both numbers were lower than in the first quarter, and the analyst consensus was  ( 24 min )

Nvidia shares rose following reports that it's in talks with Britain's Arm about a U.S. IPO.  ( 18 min )

MUMBAI (Reuters) -India on Wednesday restricted imports on plain gold jewellery, as the world's second-largest consumer of the precious metal tries to plug loopholes in its trade policy. Import of articles of gold have been put under the restriction category from the free category, a government notification said, adding that import under the India-United Arab Emirates Comprehensive Economic Partnership Agreement would be allowed without any license. The Ministry of Commerce and Industry did not immediately respond to a request for comment.  ( 6 min )

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NASA has some sweet new all-electric rides thanks to an EV start-up. They aren't Tesla vehicles.  ( 26 min )

(Bloomberg) -- The latest sign of investors’ unrelenting demand for all things artificial intelligence related: a record rally in drug discovery firm Recursion Pharmaceuticals Inc. following an investment from Nvidia Corp.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy Funds‘Pivotal’ US CPI Report to Show Lowest Core Inflation Since 2021Saudi Arabia’s PIF Wealth Fund Takes $11 Billion Investment HitPoisoned  ( 7 min )

2023 turned out to be a terrific year for stocks, as the stock market did shockingly well in an environment of rising interest rates. The S&P 500 and the NASDAQ indexes have both posted solid gains, of 17% and 33%, respectively. While stocks are surging towards their highest levels, it doesn’t mean investors have lost their chance to hop on the bandwagon. According to banking giant Deutsche Bank, there’s still plenty of room for them to get in on the action. Against this background, let’s take a  ( 12 min )

BofA analyst Tal Liani downgraded shares of networking giant Cisco to Neutral from Buy, but kept a $56 price target.  ( 26 min )

(Bloomberg) -- Federal Reserve officials appear poised to resume interest-rate hikes this month after data showed inflation cooled sharply in June but remains above the central bank’s target.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in Federal Energy Funds‘Pivotal’ US CPI Report to Show Lowest Core Inflation Since 2021Poisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortSaudi Arabia’s PIF Wealth  ( 7 min )

↗️ Domino’s Pizza (DPZ): The pizza chain's shares leaped 9.6% in early after trading after  ( 23 min )

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Everyone loves seeing growth in their portfolio. However, a good year of investing doesn't necessarily indicate a sound long-term investment strategy. Generating sufficient retirement income means planning ahead of time but being able to adapt to evolving circumstances. As a … Continue reading → The post What Is a Realistic Rate of Return for Retirement? appeared first on SmartAsset Blog.  ( 12 min )

If you were ever to become disabled or suffer a chronic illness or age-related debility that requires you to pay for help feeding and dressing yourself or similar assistance for an extended period, long-term care insurance could be a valuable … Continue reading → The post When to Buy Long-Term Care Insurance appeared first on SmartAsset Blog.  ( 9 min )

AI mania has found its way into biotech stocks. Recursion Pharmaceuticals shares have jumped some 80% as of early Wednesday morning. The biotech company [said that Nvidia is investing $50 million](https://ir.recursion.com/news-releases/news-release-details/recursion-announces-collaboration-and-50-m  ( 21 min )

Domino’s Pizza shareholders are eating up the pizza chain’s new deal with Uber. Shares of Dominos were up nearly 11% in early trading [after the company announced it has inked a deal with the rideshare giant](https://www.wsj.com/articles/dominos-pizza-strikes-deal-with-uber-in-search-for-new-sales-  ( 22 min )

Recursion Pharmaceuticals stock has gained more than 150%.  ( 29 min )

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U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to subside, but probably not fast enough to discourage the Federal Reserve from resuming raising interest rates later this month. The Consumer Price Index gained 0.2% last month after edging up 0.1% in May, the Labor Department said on Wednesday. The CPI was lifted by rises in gasoline prices as well as rents, which offset a decrease in the price of used motor vehicles.  ( 7 min )

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Underlying inflation, whose persistence has been particularly worrying to Fed policymakers, eased more than expected to 4.8%. The contract pricing still shows traders overwhelmingly expect the policy rate to rise a quarter point, to a 5.25%-5.5% range, at the Fed's July 25-26 meeting, but now see about a 25% chance of another rate hike before year's end, down from about 35% before the report.  ( 6 min )

Stocks rose Wednesday as inflation continued its cooldown in the US, weakening the case for more interest-rate rises from the Federal Reserve.  ( 7 min )

Stocks rose Wednesday thanks to hopes that data due later will show a cooling of US inflation, weakening the case for more interest-rate rises from the Federal Reserve.  ( 7 min )

U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to subside, but probably not fast enough to discourage the Federal Reserve from resuming raising interest rates later this month. The CPI gained 0.2% last month after edging up 0.1% in May, the Labor Department said on Wednesday. The CPI was lifted by rises in gasoline prices as well as rents, which offset a decrease in the price of used motor vehicles.  ( 6 min )

Consumer prices rose at the slowest pace since March 2021 as inflation showed further signs of cooling in June, according to the latest data from the Bureau of Labor Statistics released Tuesday morning.  ( 6 min )

(Bloomberg) -- Broadcom Inc. is moving closer to selling a potential jumbo investment-grade bond after scoring approval from the European Union’s merger officials for its $61 billion acquisition of VMWare Inc. Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in Federal Energy FundsPoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortMicrosoft Cleared to Buy Activision in US as UK Pauses FightShort Sell  ( 7 min )

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Between clearance from the European Union for Broadcom to buy VMware and the FTC losing its case against Microsoft-Activision, there may be new momentum for tech deals.  ( 26 min )

Inflation is expected to drop to its slowest pace since March 2021 and Nvidia shares moved higher after reports that it will invest in a rival chipmaker. Here’s what investors need to know today.  ( 18 min )

"Once a weakening in the economy kicks in, it could come fast."  ( 7 min )

Higher funding costs are eating into a key measure of profitability, likely weighing on second quarter earnings for many US banks.  ( 11 min )

Higher funding costs are eating into a key measure of profitability, likely weighing on second-quarter earnings for many US banks.  ( 11 min )

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Three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Facebook parent company Meta over the course of at least two years, a group of congressional Democrats reported on Wednesday. The Democrats' report urges federal agencies to investigate and potentially go to court over the wealth of information that H&R Block, TaxAct and TaxSlayer shared with the social media giant.  ( 9 min )

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Stocks rose Wednesday thanks to hopes that data due later will show a cooling of US inflation, weakening the case for more interest-rate rises from the Federal Reserve.  ( 7 min )

WASHINGTON (Reuters) -A year after U.S. inflation peaked and touched off an aggressive turn in monetary policy, Federal Reserve officials may be opening a more encouraging chapter in their policy discussion with the first of what analysts expect to be a run of data showing key price measures in steady decline. The U.S. Labor Department on Wednesday reported the consumer price index rose at an annual rate of 3% in June, below economists' expectations in a Reuters poll and the lowest reading since March 2021.  ( 8 min )

GoodRx is poised to grow its drug discount membership with new CVS partnership.  ( 7 min )

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(Bloomberg) -- Investors are showing a willingness to give beaten-down electric-vehicle stocks another chance, but they’re being more discerning this time when it comes to company performance. Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in Federal Energy FundsPoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortMicrosoft Cleared to Buy Activision in US as UK Pauses FightTurkey Agrees to Back Swede  ( 9 min )

(Bloomberg) -- Arm Ltd., the chip designer backed by SoftBank Group Corp., is in talks with Nvidia Corp. to join a group of potential investors to anchor its initial public offering, according to the Financial Times.Most Read from BloombergDeSantis Says No Thanks to $377 Million in Federal Energy FundsSingapore Puts Transport Minister on Leave Amid Graft ProbePoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceMicro  ( 7 min )

The U.K. semiconductor company was bought by Japan's SoftBank in 2016.  ( 26 min )

A more robust bitcoin price means the company has a stronger balance sheet, a higher share price and easier debt repayment without the need to sell down its cryptocurrency holdings, the report said.  ( 7 min )

Cathie Wood's ARK Innovation ETF sold shares of Coinbase, according to a disclosure Tuesday, as the cryptocurrency exchange rose nearly 10% on its possible role in a Bitcoin ETF.  ( 26 min )

(Bloomberg) -- One of Google’s earliest employees will step back from an executive management role, having held a senior position at the company’s cloud unit.Most Read from BloombergSingapore Minister Faces Most Serious Graft Probe Since 1986DeSantis Says No Thanks to $377 Million in US Energy FundsGoldman Breaks Its Own Rule to Flag Results Much Worse Than RivalsInflation at 3% Flags End of Emergency, Turning Point for FedUS Inflation Hits Two-Year Low, Giving Hope for End to Fed HikesUrs Hölzl  ( 7 min )

The CEO says it’s a matter of if, not when, the financial services company becomes a top 10 financial institution in the country.  ( 26 min )

ARK currently owns 11.03 million shares of Coinbase.  ( 7 min )

“Covered calls” can turn even the most volatile stocks into income generators.  ( 26 min )

(Bloomberg) -- Cathie Wood’s Ark Investment Management LLC pared its holding of Coinbase Global Inc. for the first time in almost a year on Tuesday.Most Read from BloombergDeSantis Says No Thanks to $377 Million in Federal Energy FundsPoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceMicrosoft Cleared to Buy Activision in US as UK Pauses FightMeme Stocks Are Back, Raising a ‘Red Flag’ for the Broader MarketWood’s  ( 7 min )

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China's Huawei Technologies is plotting a return to the 5G smartphone industry by the end of this year, according to research firms, signalling a comeback after a U.S. ban on equipment sales decimated its consumer electronics business. Huawei should be able to procure 5G chips domestically using its own advances in semiconductor design tools along with chipmaking from Semiconductor Manufacturing International Co (SMIC), three third-party technology research firms covering China's smartphone sector told Reuters. The firms, citing industry sources including Huawei suppliers, spoke on condition of anonymity because of confidentiality agreements with clients.  ( 8 min )

(Bloomberg) -- Taiwan’s exports of integrated circuit chips dropped for a sixth consecutive month in June on slowing global demand.Most Read from BloombergPoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceMicrosoft Cleared to Buy Activision in US as UK Pauses FightDeSantis Says No Thanks to $377 Million in Federal Energy FundsShort Seller Andrew Left Is Living in Fear of the FedsExports decreased 20.8% from a year  ( 7 min )

The S&P 500 has experienced its second-best start to a year in the past 25 years, fueling a sense of optimism among investors. However, this achievement has not been the main story of the year. In fact, the bellwether index’s year-to-date gains of 16% have been completely overshadowed by the tech sector’s domination. With AI hype driving the surge, it has become the best-performing sector in 2023, up by 31.5%. That is a significant amount and actually represents the finest opening half of a year  ( 9 min )

The Dow Jones Industrial Average continued its winning week, rising 0.3% or 96 points, Wednesday after data showed inflation continuing to cool.  ( 1 min )

U.S. equities took off at midday on Wednesday, July 12, 2023, after a report showing consumer inflation rose less than expected in June.  ( 1 min )

Inflation is expected to drop to its slowest pace since March 2021 and Nvidia shares moved higher after reports that it will invest in a rival chipmaker. Here’s what investors need to know today.  ( 1 min )

Learn about the par value and face value of securities, as well as what these synonymous terms say about the value and purchase price of stocks and bonds.  ( 21 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Mutual funds with Treasury inflation-protected securities (TIPS) offer diversification benefits and protection when inflation is rising.  ( 23 min )

Domino’s Pizza was the best-performing stock in the S&P 500 on Wednesday after the pizza chain signed a deal with Uber that would allow customers to order Domino’s on Uber Eats and Postmates apps.  ( 16 min )

The Dow Jones Industrial Average continued its winning week, rising 0.3% or 96 points, Wednesday after data showed inflation continuing to cool.  ( 17 min )

Accumulated Income Payments are funds withdrawn from a Canadian Registered Education Savings Plan if the RESP's beneficiary does not attend college.  ( 19 min )

Beta, a measure of a stock's volatility in relation to the overall market, is one of the most popular indicators of risk.  ( 26 min )

Lucid's Q2 deliveries figure missed analyst estimates, and the EV maker's stock price dropped nearly 12% on Wednesday following the news.  ( 17 min )

From 1958-2017, Perkins loans provided low-interest loans to undergraduate and graduate students with exceptional financial needs.  ( 23 min )

Global public debt hit a record $92 trillion in 2022, a UN report found, with 52 countries in what the organization called serious debt trouble.  ( 16 min )

The former CEO of MasterCard was confirmed in May 2023 as the new president of the World Bank. He is the first person of South Asian origin to hold the position.  ( 23 min )

Tesla founder Elon Musk has announced the launch of a new artificial intelligence company, xAI, separate from his X Corp. brand.  ( 17 min )

Cash management accounts are meant for saving and earning interest, while brokerage accounts let you invest the funds.  ( 22 min )

Learn about Procter & Gamble's major competitors in each of its revenue segments, including fabric care, home care, hair, and personal care.  ( 20 min )

Fintech company Wealthfront launched an automated portfolio which aims to offer higher rates than simply investing in traditional bonds.  ( 17 min )

SEC Form S-6 is the initial registration statement filed with the SEC, which unit investment trusts (UITs) use to register securities that they plan to issue.  ( 21 min )

A collective defined contribution (CDC) plan is a pooled risk (or target pension) plan where both the employer and employee contribute, available in the UK.  ( 25 min )

JBS Foods, the world’s biggest meatpacking company based in Brazil, is pursuing an IPO in the United States, planning to list its shares on the NYSE by the end of 2023.  ( 18 min )

Net leverage is the sum of an insurance company’s net written premiums ratio and its net liability ratio. It is a gauge of the insurer's financial health.  ( 18 min )

A basis point is a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument.  ( 22 min )

Corporate earnings reports for the recently completed second quarter may remain short on clues about a much-anticipated U.S. recession that has yet to materialize.  ( 18 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics.  ( 20 min )

After surging last Thursday, rates on 30-year mortgages have dropped for three consecutive days, lowering the average more than a quarter point below last Thursday's peak.  ( 20 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.  ( 17 min )

U.S. equities took off at midday on Wednesday, July 12, 2023, after a report showing consumer inflation rose less than expected in June.  ( 16 min )

Nvidia shares rose following reports that it's in talks with Britain's Arm about a U.S. IPO.  ( 16 min )

Tax preparation firms like H&R Block have spent years sharing taxpayers' sensitive personal information with big tech companies including Google parent Alphabet and Meta Platforms.  ( 18 min )

Shares of Broadcom hit an all-time high after European regulators approved Broadcom's $61 billion acquisition of VMWare.  ( 17 min )

Check U.S. Bank’s current savings account interest rates, and see how they compare to the top accounts in the market today.  ( 20 min )

Poverty is a state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living.  ( 27 min )

Cathie Wood's ARK has sold 12 million worth of shares of crypto exchange Coinbase after aggressively buying over the last year.  ( 17 min )

Amazon is projected to bring in $8 billion through its Prime Day sales. Its competitors are expected to bring in $5.5 billion combined.  ( 18 min )

From lenders to buyers to hedge funds, when it comes to the subprime mortgage crisis, everyone had blood on their hands.  ( 24 min )

Quants use computer algorithms based on mathematical models to identify profitable trading opportunities. Learn how much quants make and what they do.  ( 24 min )

Prices for everyday products and services were 3% higher in June than they were in the same month in 2022 as measured by the Consumer Price Index (CPI), a drop from May’s annual inflation rate of 4.1% and the lowest since March 2021.  ( 19 min )

If you have life insurance, there are a couple of ways it potentially can help you buy a house. Find out how they compare.  ( 22 min )

Demand for minerals such as lithium, cobalt, and nickel rises as countries transition towards clean energy but lack of diversity in supply raises concerns, according to the International Energy Agency.  ( 17 min )

Jobs growth is a measure of how many nonfarm jobs the U.S. economy added in the prior month as estimated by the U.S. Bureau of Labor Statistics (BLS).  ( 21 min )

Learn about stock listing requirements and what happens to your shares when a company's stock is delisted from a major exchange like Nasdaq or NYSE.  ( 22 min )

The European Commission fined biotech firm Illumina 432 million euros ($476 million) for closing its acquisition of Grail without the commission's approval, in the Commission's largest merger regulation fine yet.  ( 17 min )

Jobless claims are a statistic reported weekly by the U.S. Department of Labor that counts people filing to receive unemployment insurance benefits.  ( 21 min )

Learn if investing your entire portfolio in stocks is a sound decision. Get information about important considerations.  ( 20 min )

Americans have less non-mortgage debt than any time since 2019, a poll shows, but not everyone is benefitting.  ( 17 min )

Inflation is expected to drop to its slowest pace since March 2021 and Nvidia shares moved higher after reports that it will invest in a rival chipmaker. Here’s what investors need to know today.  ( 19 min )

The Bureau of Labor Statistics' employment report is a widely watched indicator of economic well-being that directly influences the market.  ( 26 min )

The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work.  ( 31 min )

The Nasdaq 100 Index will undergo a “Special Rebalance” prior to the market open on Monday, July 24, 2023.  ( 18 min )

The labor force participation rate is a measurement of an economy’s active workforce.  ( 31 min )

Lucid's Q2 deliveries figure missed analyst estimates, and the EV maker's stock price dropped nearly 12% on Wednesday following the news.  ( 1 min )

Tax preparation firms like H&R Block have spent years sharing taxpayers' sensitive personal information with big tech companies including Google parent Alphabet and Meta Platforms.  ( 1 min )

Nvidia shares rose following reports that it's in talks with Britain's Arm about a U.S. IPO.  ( 1 min )

Amazon is projected to bring in $8 billion through its Prime Day sales. Its competitors are expected to bring in $5.5 billion combined.  ( 1 min )

Cathie Wood's ARK has sold 12 million worth of shares of crypto exchange Coinbase after aggressively buying over the last year.  ( 1 min )

Shares of Broadcom hit an all-time high after European regulators approved Broadcom's $61 billion acquisition of VMWare.  ( 1 min )

The European Commission fined biotech firm Illumina 432 million euros ($476 million) for closing its acquisition of Grail without the commission's approval, in the Commission's largest merger regulation fine yet.  ( 1 min )

Fiscaal adviseur Frank B. is opnieuw aangehouden in Italië om uitgeleverd te worden aan de Verenigde Staten. De Amerikaanse autoriteiten verdenken de adviseur van onder anderen Linda de Mol en Afrojack ervan dat hij BN'ers heeft geholpen met het ontduiken van belasting.  ( 3 min )

Het woningtekort is groter dan ooit, en het lijkt er niet op dat daar op korte termijn verandering in komt. Een grote groep mensen valt daardoor buiten de boot. Dit zijn hun verhalen.  ( 8 min )

Fiscaal adviseur Frank B. is opnieuw aangehouden in Italië om uitgeleverd te worden aan de Verenigde Staten. De Amerikaanse autoriteiten verdenken de adviseur van onder anderen Linda de Mol en Afrojack ervan dat hij BN'ers heeft geholpen met het ontduiken van belasting.  ( 3 min )

De in problemen verkerende fietsenproducent VanMoof heeft uitstel van betaling gekregen van de rechtbank in Amsterdam. Dat meldt het bedrijf woensdag na berichtgeving door NRC.  ( 4 min )

De in problemen verkerende fietsenproducent VanMoof heeft uitstel van betaling gekregen van de rechtbank in Amsterdam. Dat meldt het bedrijf woensdag na berichtgeving door NRC.  ( 3 min )

Het Europees Parlement heeft vandaag ingestemd met de natuurherstelwet. Het wetsvoorstel van Eurocommissaris Frans Timmermans bleef lang hangen op een evenwicht tussen voor- en tegenstanders. Uiteindelijk ging een meerderheid toch akkoord met een afgezwakt voorstel.  ( 6 min )

De in problemen verkerende fietsenfabrikant VanMoof heeft zijn winkel in het Amsterdamse stadsdeel Oost gesloten. Daardoor stond woensdagmiddag een groepje klanten voor een gesloten deur. Wie zijn fiets wilde ophalen, had pech.  ( 3 min )

Door de rem op nieuwe verpleeghuisplekken stokt de doorstroom van woningen. De woningmarkt moet tot en met 2031 rekening houden met 27.000 extra ouderen die anders naar een verpleeghuis waren verhuisd, berekende AFB Research. Is dat nou wel zo handig?  ( 4 min )

De Chinese techondernemer Jack Ma verloor na een kritische speech drie jaar geleden de helft van zijn vermogen van 61 miljard dollar (55 miljard euro). De toen rijkste Aziaat had kritiek op het Chinese regeringsbeleid en dat kwam hem duur te staan.  ( 4 min )

De Chinese techondernemer Jack Ma verloor na een kritische speech drie jaar geleden de helft van zijn vermogen van 61 miljard dollar (55 miljard euro). De toen rijkste Aziaat had kritiek op het Chinese regeringsbeleid en dat kwam hem duur te staan.  ( 4 min )

De handelsprijs voor gas is woensdag gezakt naar het laagste punt sinds 8 juni. Voor een megawattuur betaalden handelaren donderdagochtend iets meer dan 28 euro. Dit komt volgens experts vooral doordat een groot Noors gasveld weer volledig in gebruik komt.  ( 4 min )

Je kunt natuurlijk je buren vragen om tijdens je vakantie je planten water te geven en op je huis te passen. Maar tegenwoordig zijn er ook een hoop producten op de markt waarmee je vanaf je vakantieadres een oogje in het zeil kunt houden.  ( 4 min )

Je kunt natuurlijk je buren vragen om tijdens je vakantie je planten water te geven en op je huis te passen. Maar tegenwoordig zijn er ook een hoop producten op de markt waarmee je vanaf je vakantieadres een oogje in het zeil kunt houden.  ( 4 min )

Er is een steeds groter tekort aan woningen, stelt onderzoeksbureau ABF Research. De bouw van nieuwe woningen kan de bevolkingsgroei niet bijbenen. Dat komt vooral door de grotere instroom van migranten, maar ook doordat ouderen niet kunnen doorschuiven naar een andere woning.  ( 5 min )

De val van het kabinet-Rutte IV betekent mogelijk vertraging voor tal van klimaatmaatregelen. Experts waarschuwen dat het demissionaire kabinet en de Tweede Kamer moeten blijven doorpakken om de klimaatdoelen voor 2030 te halen.  ( 8 min )

Zelfstandig ondernemers houden er iets meer rekening mee dat ze arbeidsongeschikt kunnen raken. Zo'n 65 procent van alle zzp'ers had zich hier aan het begin van het jaar tegen verzekerd.  ( 3 min )

Het aantal faillissementen is in juni voor de derde maand op rij toegenomen. Vooral in de handel gingen er bedrijven op de fles.  ( 3 min )

De val van het kabinet-Rutte IV betekent mogelijk vertraging voor tal van klimaatmaatregelen. Experts waarschuwen dat het demissionaire kabinet en de Tweede Kamer moeten blijven doorpakken om de klimaatdoelen voor 2030 te halen.  ( 8 min )

De val van het kabinet-Rutte IV betekent mogelijk vertraging voor tal van klimaatmaatregelen. Experts waarschuwen dat het demissionaire kabinet en de Tweede Kamer moeten blijven doorpakken om de klimaatdoelen voor 2030 te halen.  ( 8 min )

American Express CD rates can be much higher than average with certain terms, and there’s no minimum balance to open a new CD.  ( 20 min )

Charles Schwab savings account interest rates are higher than the national average, and it doesn’t have monthly fees or minimum deposit requirements.  ( 20 min )

Unemployment is the term for when a person who is actively seeking a job is unable to find work.  ( 28 min )

Roku shares skyrocketed 11% on Tuesday after the TV streaming platform said it would enable viewers to seamlessly buy products from Shopify merchants directly from their streaming device.  ( 17 min )

Aggregate product liability limit is the maximum amount of money an insurance company will pay when a product's liability insurance coverage is in effect.  ( 18 min )

The Nasdaq 100 Index will undergo a “Special Rebalance” prior to the market open on Monday, June 24, 2023.  ( 16 min )

Tesla Inc. agreed Tuesday to pay $6 million to settle a lawsuit over its energy division's solar roof.  ( 17 min )

Optimism among small business owners jumped last month to the highest level since November, although rising prices and staffing issues continued to weigh on sentiment.  ( 16 min )

The Dow Jones led all indexes by moving higher by nearly 1%, as investors anticipate tomorrow’s key inflation data.  ( 17 min )

When an investor increases a position in an asset heading in the opposite direction than what the investor desires it is called adding to a loser.  ( 21 min )

Shutterstock shares jumped 9% on Tuesday after the provider of stock images and other media announced it was expanding its agreement with artificial intelligence research lab OpenAI.  ( 16 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

A foreclosure filing is a lawsuit that lenders file to repossess a mortgaged home.  ( 21 min )

A federal judge helped pave the way for Microsoft to complete its $68.7 billion acquisition of Activision Blizzard.  ( 16 min )

If you want to score a top nationwide CD rate, it's critical you expand our search beyond just banks. That's because credit unions are often the national rate leaders.  ( 18 min )

Market weight and equal weight S&P 500 ETFs include the same set of stocks but use different weighting strategies, which can produce quite different results.  ( 24 min )

About 40% of U.S. retail investors are now open to using or are already using artificial intelligence tools to guide their investments, according to a new survey by eToro.  ( 17 min )

Citi offers CDs, checking accounts, bank IRAs, and savings accounts. Learn more about its savings account rates, features, and account requirements.  ( 21 min )

See how we chose the best lenders for new, used, and refinance auto loans. Our comprehensive methodology helps us recommend the best auto loan lenders for borrowers in a variety of circumstances.  ( 16 min )

E*TRADE savings account interest rates can't compete with the best, but high-net-worth individuals can benefit from its higher FDIC insurance coverage.  ( 18 min )

Student loan funds can be used for rent but students who need to stretch their loan dollars may find campus housing is the more affordable choice.  ( 23 min )

Check out the current Bread Savings CD rates and see how they compare to the competition. Maximize your savings with flexible and secure CD investments at Bread.  ( 20 min )

The Dow and the Nasdaq are two investable indexes, although only one is an actual exchange.  ( 24 min )

Learn the advantages and disadvantages of methods available to investors with the objective of making a bearish bet on the S&P 500 Index.  ( 23 min )

An OECD report found wages aren't keeping pace with inflation in most countries studied and warned 27% of jobs could be at risk because of AI.  ( 18 min )

U.S. equities were up at midday on July 11, 2023, adding to Monday's gains ahead of data on inflation and earnings reports.  ( 16 min )

Amazon has challenged the EU's upcoming laws on policing online hate speech and disinformation under the bloc's Digital Services Act (DSA), becoming the first U.S. company to do so.  ( 17 min )

A Consumer Financial Protection Bureau (CFPB) investigation found transgressions that impacted both Bank of America’s banking customers as well as credit card holders.  ( 18 min )

A CD can be a smart way to set aside cash. Learn about PNC Bank’s CD rates, the ins and outs of opening one, and how these CDs compare with select competitors.  ( 20 min )

A look at how those interested in mid-caps can identify investment opportunities based on environmental, social, and governance-related dimensions.  ( 23 min )

One of America’s biggest operators of hospitals and healthcare facilities was affected by a data breach, which may have compromised the personal data of millions of patients.  ( 17 min )

Learn about the most effective hedging strategies available to protect a portfolio during steep corrections and long-term bear markets.  ( 24 min )

Advancing financial literacy is a cornerstone of financial advisory. These 10 financial advisors have excelled at providing essential financial literacy resources to their communities.  ( 21 min )

Wells Fargo CD rates are tiered for most of their terms and require a relatively high minimum deposit. Here's what to know before you open a CD with the bank.  ( 19 min )

These female financial advisors lead the financial advising community with impressive wealth management skills and financial literacy contributions. Lean more about the women of the Investopedia 100, below.  ( 18 min )

A mini-sized Dow is a type of option for which the underlying assets are the E-Mini Dow futures. E-mini-Dow futures are worth $5 multiplied by the DJIA.  ( 22 min )

Certificates of deposit (CDs) can be a great, conservative way to invest your money. Edward Jones is worth considering for its competitive CD rates at a variety of term lengths.  ( 21 min )

Women generally have lower financial literacy rates than men. To combat this, top female financial advisors share their experiences with financial planning across genders and offer advice to take charge of your finances.  ( 20 min )

5 top financial advisors give advice to early investors and young people who are starting to invest or begin investment careers.  ( 19 min )

There are hundreds of financial advice books. These are 10 books top financial advisors recommend for retail investors and budgeting beginners.  ( 20 min )

After surging last week, 30-year mortgage rates have eased lower for a second day. But the average is still elevated, moving in the upper-mid 7% range.  ( 19 min )

The 2023 Investopedia 100 celebrates financial advisors who are making significant contributions to conversations about financial literacy, investing strategies, and wealth management.  ( 34 min )

With rising interest rate,s a CD can be a good place to stash funds. Compare CD rates and terms from Santander Bank and find the best CD account for your savings goals.  ( 20 min )

Nasdaq is a global electronic marketplace for buying and selling securities on a computerized, speedy, and transparent system.  ( 25 min )

Tech giant Apple (AAPL) launched an online store on Tencent’s WeChat messaging app in China on Tuesday, the latest step in an effort to increase retail sales market share in the country.  ( 17 min )

WD-40 shares rose more than 10% in early trading as the company reported a double-digit jump in sales in its third quarter earnings after two consecutive quarters of little or no growth.  ( 17 min )

The 2023 Investopedia 100 celebrates financial advisors who are making significant contributions to conversations about financial literacy, investing strategies, and wealth management.

Microsoft announces another round of job cuts and Amazon projects an 11% jump in sales for Prime Day. Here’s what investors need to know today.  ( 17 min )

A horizontal merger is a merger or business consolidation that occurs between firms that operate in the same industry, usually as larger companies attempt to create more efficient economies of scale.  ( 25 min )

Coming into Tuesday trading, Rivian shares were up for nine consecutive days. That was a record for the company.  ( 26 min )

Farmers Insurance became the latest property insurance company to pull out of Florida on Tuesday despite repeated efforts by Republican Gov. Ron DeSantis and the Legislature have made to try to calm the volatile market that is making homeownership less affordable. Farmers informed the state that it is discontinuing new coverage of auto, home and umbrella policies. It said there will be no effect on 70% of current policies in Florida.  ( 6 min )

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The head of the United Auto Workers, which represents 150,000 U.S. hourly workers at General Motors, Ford Motor and Chrysler-parent Stellantis, said the union is not afraid to strike any of the automakers without a fair contract.  ( 7 min )

The underlying reason for Tuesday's run-up might be the massive bets investors have placed against the stock.  ( 26 min )

Stock futures rose Tuesday in the countdown to inflation reports that could give the Federal Reserve cause to consider ending its interest-rate hikes more quickly.  ( 7 min )

One of the best things about buying real estate investment trusts (REITs) is that with the right stock, an investor can gain appreciation and procure a solid monthly or quarterly dividend for additional income. But because not all REITs will deliver solid appreciation and dividend growth, it's important to look at a REIT's five-year history to help assess possible future returns. Take a look at one popular REIT over the past five years and what it's generating in dividends today compared with Ju  ( 8 min )

Oaktree Capital Management founder Marks wrote a lengthy note on how he takes the market's "temperature" to decide where to invest next.  ( 12 min )

Jamie Dimon, a remote work "skeptic," has some choice words for managers.  ( 8 min )

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(Bloomberg) -- Whatever theories are being proffered as to why index overseers chose to cap the influence of technology megacaps in the Nasdaq 100, the real reason is a simple one. Most Read from BloombergDeSantis Says No Thanks to $377 Million in Federal Energy FundsSingapore Minister Faces Most Serious Graft Probe Since 1986Poisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortMicrosoft Cleared to Buy Activision in US as UK Pauses FightTurkey Agrees to Back Sweden’s NATO Bid  ( 8 min )

Plans for Tesla’s secret “Project 42” called for an unusual-looking glass structure in the Austin, Texas, area.  ( 29 min )

Aerospace giant Boeing reported strong second-quarter jet deliveries. A larger number of orders meant that the backlog grew—that's good for sales and earnings.  ( 26 min )

Starbucks, Mondelez, and Booking are among the possible outperformers from the index’s weighting changes, according to Wells Fargo.  ( 26 min )

A big gamble by GM is causing consternation for its dealers in the all-important race to sell cars - namely electric vehicles.  ( 9 min )

The significance of amassing your first $100,000 cannot be underestimated when it comes to building long-term wealth. As Charlie Munger, esteemed investor and vice chairman of Berkshire Hathaway Inc., aptly stated during a shareholder meeting in the late 1990s, "The first $100,000 is a b***h, but you gotta do it. I don't care what you have to do – if it means walking everywhere and not eating anything that wasn't purchased with a coupon, find a way to get your hands on $100,000." Munger's advice  ( 9 min )

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The U.S. electric vehicle market is growing, but not fast enough during the latest quarter to prevent unsold EVs from stacking up at some automakers' dealerships or to allow Tesla to avoid new price cuts, according to analysts and industry data. Rising inventories and price-cutting could represent only a short-term pause in EV market growth. Automakers North America have billions of dollars in EV-related investments riding on how the next several quarters play out.  ( 9 min )

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(Bloomberg) -- Broadcom Inc.’s $61 billion acquisition of cloud-computing company VMware Inc. is poised to be approved by European Union’s merger officials, paving the way for the world’s biggest-ever takeover for a semiconductor maker.Most Read from BloombergTurkey Agrees to Back Sweden’s NATO Bid in Boost to AlliancePoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortMicrosoft Cleared to Buy Activision in US as UK Pauses FightShort Seller Andrew Left Is Living in Fear of t  ( 7 min )

(Bloomberg) -- Investors are fascinated with meme stocks again as they hunt through lower-quality names searching for returns. And in the process they’re raising a “red flag” for the S&P 500 Index.Most Read from BloombergTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesErdogan Just Doomed Turkey's EU MembershipPoisoned Cough Syrup Killed Kids. Authorities Cut the Investigation ShortPowell Haunted by Repo Cri  ( 7 min )

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Regulators concluded Bank of America repeatedly charged overdraft fees and opened accounts for customers without their consent.  ( 7 min )

Think quiet quitting would make the job you hate, more bearable? Think again.  ( 7 min )

On Wednesday, investors will be closely monitoring one of the most important data points for the future of Federal Reserve policy — the June inflation report.  ( 7 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

The companies can complete the deal before a Federal Trade Commission hearing that is scheduled for August.  ( 28 min )

Shares of Coinbase jumped as much as 16% Tuesday after the crypto exchange reached an agreement with Cboe’s BZX Exchange to maintain a surveillance-sharing agreement for five of its spot bitcoin exchange-traded fund (ETF) applications.  ( 7 min )

A federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard. Microsoft appeared to have the upper hand in a 5-day San Francisco court hearing that ended late last month. The proceeding showcased testimony by Microsoft Chief Executive Officer Satya Nadella and longtime Activision Blizzard CEO Bobby Kotick, who both pledged to keep Activision’s blockbuster game Call of Duty available to people who play it on consoles — particularly Sony's PlayStation — that compete with Microsoft’s Xbox.  ( 8 min )

ARK Innovation was rising for its third consecutive day on Tuesday.  ( 26 min )

On Monday, Digital World Acquisition Corp (NASDAQ: DWAC) announced that Eric Swider, the interim CEO and a member of DWAC's board, has been appointed as the permanent CEO, effective July 6, 2023. Swider has been serving as the interim CEO since March 19, 2023. Recently, the company reached an $18 million settlement with the SEC to end the ongoing investigation into its planned merger with former President Donald Trump's Trump Media & Technology Group, which is behind the Truth Social app. Elon M  ( 7 min )

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When searching for risk/reward plays, look no further than penny stocks. These names trading for under $5 per share are considered to be some of the most controversial on the Street, and divide market watchers into two factions: critics and fans. The former brings a valid argument to the table. Stocks don’t just end up trading at such low levels; typically, there’s a very real reason for their bargain price tags. This can be weak fundamentals or headwinds that are too strong to overcome. As for  ( 10 min )

(Bloomberg) -- Schwab Asset Management is seeking to draw investors to its high-yield bond exchange-traded fund with one of the lowest fees in the industry, even as rising rates and default fears rattle the asset class.Most Read from BloombergTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesErdogan Just Doomed Turkey's EU MembershipPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetPutin Met Wagne  ( 8 min )

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JPMorgan upgraded, JetBlue downgraded: Wall Street's top analyst calls  ( 9 min )

A divorce is an unfortunate time in anyone's life, as it signifies the end of a likely long-term relationship and marriage. However, it's important to understand the financial ramifications of a divorce as you're going through one. So if you're … Continue reading → The post Is My Spouse Entitled to My Pension in a Divorce? appeared first on SmartAsset Blog.  ( 8 min )

Stock futures rose Tuesday in the countdown to inflation reports that could give the Federal Reserve cause to consider ending its interest-rate hikes more quickly.  ( 7 min )

Jeffery Hildebrand has made billions buying castoff wells from big companies under ESG pressure.  ( 22 min )

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Labeled a "dumb kid" by her teachers during her childhood, investor and TV personality Barbara Corcoran has defied all odds and emerged as a prominent figure in the realms of real estate, authorship, entrepreneurship, investment and television. Her most recognizable role comes as one of the pioneering investors on the popular ABC show "Shark Tank." During an interview on "The Daniel Mac Show" podcast in June, Corcoran was asked about her most profitable investment from her 14-year run on "Shark  ( 7 min )

Markets are betting that the Federal Reserve will have to raise interest rates again to tame inflation---yet bond traders and stock traders are seeing the fallout quite differently.  ( 26 min )

Amazon Prime shopping days are here, and everyone loves good deals, Barron's looked for some in the stock market, and found 15 stocks primed to go higher.  ( 26 min )

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Advance Auto Parts and others have cited a lack of skilled accounting personnel for material weaknesses in their financial-reporting controls, a key predictor of restatements.  ( 26 min )

Proprietary data analyzed by KeyBanc suggest Apple faces a slowdown in hardware sales, but there may be bigger forces moving the stock price.  ( 26 min )

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(Bloomberg) -- The oil market is finally starting to flicker into life — and nowhere is that clearer than in the prices of crude like Saudi Arabia’s, where output cuts are quietly transforming the supply landscape.Most Read from BloombergTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceErdogan Just Doomed Turkey's EU MembershipMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetPutin Met Wagner’s P  ( 9 min )

Pipeline operator Equitrans Midstream said on Tuesday it is evaluating all legal options after a federal appellate court halted construction for the Mountain Valley Pipeline project. The $6.6 billion Mountain Valley project is one of several U.S. oil and gas pipelines delayed by regulatory and legal fights with environmental and local groups that found problems with federal permits issued by the Trump administration. "Unless this decision is promptly reversed, it would jeopardize Mountain Valley's ability to complete construction by year-end 2023," the company said in a statement.  ( 6 min )

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After last week's jobs report pointed to a still resilient U.S. economy, investors bumped up bets that the central bank would lift borrowing costs later in July by 25 basis. All eyes are now on Wednesday's inflation data that is expected to show consumer prices cooled on an annual basis in June, which could influence bets on another rate hike after the July meeting. Market participants will also keep a close tab on commentary by a number of central bank policymakers who are expected to speak during the week.  ( 7 min )

Stock futures rose Tuesday in the countdown to inflation reports that could give the Federal Reserve cause to consider ending its interest-rate hikes more quickly.  ( 7 min )

Stock futures were little changed Tuesday in the countdown to inflation reports that could give the Federal Reserve cause to consider ending its interest-rate hikes more quickly.  ( 7 min )

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Amazon shares rise as Prime Day, the online retailer's shopping extravaganza, kicks off, Microsoft makes further job cuts, and WD-40's earnings and sales beat analysts' expectations.  ( 26 min )

(Bloomberg) -- Andrew Left is behind the wheel of a dark gray Range Rover cruising through Beverly Hills with the windows down on a cool morning. Though he’s sworn off smoking, he’s looking to buy a pack of Marlboro Lights.Most Read from BloombergTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceErdogan Just Doomed Turkey's EU MembershipPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetPutin Met Wagner’s Prigozhin After Revolt That Shook RussiaMove Over Dubai. This Tiny Emi  ( 12 min )

The company has emerged as the hardware victor during the early days of the artificial-intelligence revolution. Who else in the chip world can cash in, too?  ( 27 min )

(Bloomberg) -- Investors in Chinese bank stocks are getting a painful reminder of who’s likely to bear the brunt of government efforts to shore up the embattled real estate sector and revive economic growth.Most Read from BloombergTurkey Agrees to Back Sweden’s NATO Bid in Boost to AlliancePowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesPutin Met Wagner’s Prigozhin After Revolt That Shook RussiaChina Sign  ( 6 min )

If you like the JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) then you’re going to love its 11.9%-yielding counterpart, the JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ). What’s the difference between JEPI and JEPQ, and is JEPQ a strong choice for investors to build their portfolios around? Let’s find out. What’s the Difference Between JEPI and JEPQ? JEPI is JPMorgan’s well-known and much-discussed covered-call ETF that yields about 10.5% and pays a monthly dividend that has taken  ( 10 min )

Bitcoin rose on Tuesday morning in Asia, after Standard Chartered predicted the token could reach US$120,000 by the end of 2024. Ether and most other top 10 tokens rose.  ( 8 min )

(Reuters) -Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world's biggest oil exporters Saudi Arabia and Russia and a weaker dollar. Supply cuts by the world's biggest oil exporters Saudi Arabia and Russia set for August helped to lift the benchmark prices, which were also supported as the U.S. dollar fell to a two-month low. "Oil has found a floor and the only thing ... that could break that is if U.S. inflation is scorching hot and the Fed is forced to tighten this economy into a recession," said Edward Moya, an analyst at OANDA.  ( 7 min )

Warren Buffett's conglomerate now owns 75% of the Cove Point liquefied natural gas facility.  ( 26 min )

Roku shares skyrocketed 11% on Tuesday after the TV streaming platform said it would enable viewers to seamlessly buy products from Shopify merchants directly from their streaming device.  ( 1 min )

A federal judge helped pave the way for Microsoft to complete its $68.7 billion acquisition of Activision Blizzard.  ( 1 min )

One of America’s biggest operators of hospitals and healthcare facilities was affected by a data breach, which may have compromised the personal data of millions of patients.  ( 1 min )

Amazon has challenged the EU's upcoming laws on policing online hate speech and disinformation under the bloc's Digital Services Act (DSA), becoming the first U.S. company to do so.  ( 1 min )

The Dow Jones led all indexes by moving higher by nearly 1%, as investors anticipate tomorrow’s key inflation data.  ( 1 min )

Microsoft announces another round of job cuts and Amazon projects an 11% jump in sales for Prime Day. Here’s what investors need to know today.  ( 1 min )

Nederlanders hebben afgelopen zomer vaker gekozen voor een buitenlandse reis dan voor een vakantie in eigen land. Dat was voor het eerst sinds de coronacrisis in 2020 begon. Ook vliegen we minder vaak en nemen we juist vaker de trein.  ( 4 min )

Mensen die hun zegje willen doen over hoe de nieuwe eurobankbiljetten eruit gaan zien, kunnen dat weer. Eerder op de dag vloog de site van de Europese Centrale Bank (ECB) eruit vanwege de drukte. Die problemen zijn weer verholpen.  ( 3 min )

Microsoft heeft na goedkeuring van de EU ook in de Verenigde Staten toestemming gekregen voor de overname van Activision Blizzard. Deze gamemaker is bekend van spellen als Call of Duty, World of Warcraft en Candy Crush.  ( 3 min )

De wereldeconomie zal in de komende vijf jaar met ongeveer 3 procent per jaar groeien, verwacht het IMF. Dat is een stuk minder hard dan gemiddeld.  ( 3 min )

Fietsenproducent VanMoof heeft de verkoop van nieuwe (elektrische) fietsen tijdelijk stilgelegd. Via de webwinkel kun je op dit moment geen fietsen meer bestellen. Volgens VanMoof is dat "om de productie en levering van bestaande bestellingen te kunnen inhalen".  ( 4 min )

De wereldwijde vraag naar energie neemt richting 2045 met 23 procent toe, verwacht secretaris-generaal Haitham Al Ghais van oliekartel OPEC. Volgens hem is het daarom niet slim om te stoppen met investeringen in oliewinning.  ( 3 min )

Fietsenproducent VanMoof heeft de verkoop van nieuwe (elektrische) fietsen tijdelijk stilgelegd. Via de webwinkel kun je op dit moment geen fietsen meer bestellen. Volgens VanMoof is dat 'om de productie en levering van bestaande bestellingen te kunnen inhalen'.  ( 3 min )

De gevallen techmiljardair Elizabeth Holmes hoeft nog maar negen jaar vast te zitten. Dat is twee jaar minder dan de straf die ze eind vorig jaar kreeg voor het misleiden van investeerders en klanten.  ( 3 min )

Nog twee weken voordat Midden-Nederland aftrapt met de bouwvak. Dan volgen de weken waarin veel bouwvakkers op vakantie gaan, al is dat allang niet meer verplicht. Hoe werkt dat precies?  ( 3 min )

De Nederlandse Arbeidsinspectie waarschuwt voor de veiligheid van boodschappenbezorgers. Zij moeten zware kratten van soms wel 20 kilo hoog uit vrachtwagens tillen. Ook gaat er vaak droogijs mee om het eten te koelen, wat voor brandwonden en verstikking kan zorgen.  ( 3 min )

Grondstoffen die nodig zijn voor zonnepanelen, windmolens en elektrische auto's komen steeds vaker uit slechts een paar landen, waaronder China. Dit maakt andere landen kwetsbaar bij hun omslag naar schone energie, waarschuwt energieagentschap IEA.  ( 3 min )

De Europese Unie en de Verenigde Staten hebben een nieuwe deal bereikt over het uitwisselen van data van Europeanen. Daarmee mogen bedrijven onze data weer opslaan op Amerikaanse servers.  ( 3 min )

Wie met de auto naar de garage moet voor een onderhoudsbeurt, moet soms zomaar zes weken wachten op een plekje. Automonteurs laten zich vaker omscholen en laten een gat achter op de arbeidsmarkt.  ( 4 min )

Grondstoffen die nodig zijn voor zonnepanelen, windmolens en elektrische auto's komen steeds vaker uit slechts een paar landen, waaronder China. Dit maakt andere landen kwetsbaar bij hun omslag naar schone energie, waarschuwt energieagentschap IEA.  ( 3 min )

Mensen die willen meedenken over hoe de nieuwe eurobankbiljetten eruit gaan zien, moeten nog even geduld hebben. De Europese Centrale Bank wilde een enquête online zetten, maar wegens "grote belangstelling" kan niemand die nog invullen.  ( 3 min )

Starters konden in het afgelopen half jaar meer huizen kopen dan in dezelfde periode vorig jaar. Dit kwam door lagere prijzen, hogere inkomens en ruimere leennormen. Toch blijft hun positie moeilijk, met name voor alleenstaanden.  ( 5 min )

Nederlandse goederen en diensten waren vorige maand 5,7 procent duurder dan een jaar eerder. Het inflatiecijfer is iets lager dan in mei: toen steeg de inflatie nog naar 6,1 procent.  ( 3 min )

Het aantal gebruikers van het nieuwe sociale medium Threads is, bijna een week na de lancering, gestegen tot meer dan 100 miljoen. Dat heeft onderzoeksbureau Quiver Quantitative uitgerekend. Mark Zuckerberg, eigenaar van Threads en Facebook, heeft dat aantal inmiddels bevestigd.  ( 4 min )

Nederlandse goederen en diensten waren vorige maand 5,7 procent duurder dan een jaar eerder. Het inflatiecijfer is iets lager dan in mei: toen steeg de inflatie nog naar 6,1 procent.  ( 3 min )

Anyone involved in the investing game will know it’s all about ‘stock picking.’ Choosing the right stock to put your money behind is vital to ensure strong returns on an investment. Therefore, when the Wall Street pros consider a name to be a ‘Top Pick,’ investors should take note. Using the TipRanks platform, we’ve looked up details on two stocks that have recently gotten ‘Top Pick’ designation from some of the Street’s analysts. So, let’s dive into the details and find out what makes them so.  ( 10 min )

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Apple dropped 1.1%, leaving its market capitalization at $2.967 trillion. Alphabet and Amazon fell over 2%, while Microsoft and Tesla each slid more than 1%. Wall Street's most valuable stocks declined after Nasdaq said late on Friday it would carry out a "Special Rebalance" of the index to "address overconcentration in the index by redistributing the weights."  ( 7 min )

Comedian Sarah Silverman and two others filed a pair of purported class-action lawsuits against OpenAI, parent of ChatGPT, and Meta Platforms.  ( 26 min )

(Bloomberg) -- Berkshire Hathaway Energy agreed to buy Dominion Energy Inc.’s stake in a Maryland liquefied natural gas export project for $3.3 billion.Most Read from BloombergPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesPutin Met Wagner’s Prigozhin After Revolt That Shook RussiaTurkey Agrees to Back Sweden’s NATO Bid in Boost to AllianceJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionThe d  ( 7 min )

Rivian stock is up for a ninth consecutive trading session. The rally in the EV shares feels like short covering.  ( 29 min )

Used car prices eased again in June. That has shares of used car dealers moving higher.  ( 26 min )

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In February, the company said there was 'substantial doubt' about its ability to continue operating through this year.  ( 26 min )

Stocks closed higher Monday, kicking off a week where the focus will be on inflation, interest rates, and the start of the second quarter earnings season.  ( 7 min )

Investors are selling the news when it comes to drug developments.  ( 26 min )

Silicon Valley names have gotten the attention, but there are lots of other companies that are using the technology in their operations.  ( 29 min )

The Houston area officially has a new largest publicly traded company.  ( 9 min )

Nasdaq says it plans to rebalance the Nasdaq 100 stock index to adjust for the huge surge this year in megacap tech stock prices.  ( 29 min )

KPMG U.K. CEO Jon Holt tells Fortune, “It’s important that as a business we support them as they begin their training and careers with us.”  ( 8 min )

Rivian stock is up for a ninth consecutive trading session. The rally in the EV shares feels like short covering.  ( 29 min )

Joe Biden’s race to embrace electric vehicles risks overwhelming US charging infrastructure and creating disastrous supply shortages, two of the world’s biggest carmakers have said.  ( 7 min )

Used car prices eased again in June. That has shares of used car dealers moving higher.  ( 29 min )

Companies are expected to see earnings decline for the third straight quarter but that might not be a bad thing for stocks, according to Wall Street strategists.  ( 8 min )

Rivian's stock is on fire. Here's why shares of the EV company are up more than 90% over the past nine trading sessions.  ( 7 min )

The Federal Reserve will likely need to raise interest rates further to bring down inflation that is still too high, but the end to its current monetary policy tightening cycle is getting close, several U.S. central bank officials said on Monday. The Fed has raised interest rates by 5 percentage points since March 2022 to bring down the highest U.S. inflation in four decades. Fed policymakers opted last month to forego a rate increase to give themselves time to assess the still-developing effects of the previous hikes in borrowing costs, even as most also penciled in at least two more increases by the end of 2023.  ( 7 min )

The Wall Street firm's technology analysts reiterated an Overweight rating for Nvidia shares. The firm’s price target for the chip maker is still $500.  ( 26 min )

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Bud Light sales have been slipping, and the impact extends beyond the beer brand. Global glass producer Ardagh Group recently announced that it's shutting down two glass bottling plants — one in North Carolina and one in Louisiana. WRAL-TV reported that the closure of these two plants would result in roughly 645 employees being laid off. According to an internal memo obtained by WRAL, the decision was "due to slow sales with Anheuser InBev," the multinational brewing company behind Bud Light. In  ( 9 min )

In February, the company said there was 'substantial doubt' about its ability to continue operating through this year.  ( 26 min )

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China is teetering on the brink of deflation as the world’s second largest economy continues to feel the impact of Beijing’s draconian zero Covid policies.  ( 8 min )

Hon Hai Precision Industry Co Ltd (OTC: HNHPF) Foxconn has announced its withdrawal from a $19.5 billion semiconductor joint venture with Indian conglomerate Vedanta, dealing a setback to chipmaking plans for India. The Apple Inc (NASDAQ: AAPL) supplier and Vedanta forged a deal in 2022 to establish semiconductor and display production plants in Prime Minister Modi's home state of Gujarat. Foxconn said it would not proceed with the joint venture with Vedanta, Reuters reports. Also Read: Apple Go  ( 7 min )

5Rivian Automotive's shares (RIVN) rose over 5% in morning trading, pointing to another bumper day for the electric-vehicle maker's stock. It has risen for the past eight trading sessions, gaining nearly 84% in that period and closing at the highest le  ( 22 min )

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Chet Kapoor believes paying to work for your role model is better value for those who are already spending thousands of dollars on a degree.  ( 8 min )

As of Monday morning, there are six Buys and three Hold ratings for shares of CAVA.  ( 9 min )

Currently, the markets are experiencing a bullish trend. However, the conventional wisdom says that we’re looking at a recession, likely short and shallow, to play out during the second half of this year, with a chance of extending into 1Q24. Looking at the situation from RBC Capital, Lori Calvasina writes, “There are two ways it can go from here: Something could go wrong with those winning companies and pull the market down, or the market’s leadership could broaden out. One of those paths isn’t  ( 10 min )

Agreements give troubled carrier more time to negotiate with International Brotherhood of Teamsters and streamline operations.  ( 26 min )

American depositary receipts of Nanobiotix jumped over 50% in early trading on Monday after signing an agreement with J&J's Janssen Pharmaceutical to work on co-developing a drug to treat head and neck cancer tumors.  ( 18 min )

(Bloomberg) -- Rivian Automotive Inc. is finally starting to realize the potential that investors saw in the electric-vehicle manufacturer back when it staged one of the largest initial public offerings ever.Most Read from BloombergPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitChin  ( 10 min )

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Foreign brands are losing market share to Chinese rivals, driven by local manufacturers’ lead in electric vehicles, as Beijing’s industrial policy begins to pay off.  ( 28 min )

Carl Icahn and banks agreed to untie his personal loans from the trading price of Icahn Enterprises shares, the company confirmed Monday.  ( 26 min )

Stocks were setting up to open lower Monday, kicking off a week where the focus will be on inflation, interest rates and the start of the second-quarter earnings season.  ( 7 min )

While retirement may be associated with leaving the workforce behind, most Americans plan to work past the age of 65. In fact, a 2022 study from the Transamerica Center for Retirement Studies found that around 57% of workers plan to … Continue reading → The post Best Work-from-Home Opportunities for Retirees appeared first on SmartAsset Blog.  ( 10 min )

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Buying a home is one of the biggest financial decisions many people will ever make. And it can also be one of the most complex. Even the simple question of what percentage of your income should safely go to a … Continue reading → The post What Percentage of Your Income Should Safely Go to a Mortgage? appeared first on SmartAsset Blog.  ( 8 min )

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If you spot a Tesla on the road, you may be impressed by the sleek style of the car, but you may also find yourself wondering: How do you take an electric car like that on a road trip? How … Continue reading → The post How to Invest in EV Charging Stations appeared first on SmartAsset Blog.  ( 8 min )

Reminder: not every S&P 500 company is a beast like Nvidia.  ( 8 min )

(Bloomberg) -- The first proxy season after a key US rule change was expected to rock the shareholder activism world. Instead, the universal proxy card turned typically public battles into something more private and discreet, with settlements reached behind the scenes or very quickly once they become known. Most Read from BloombergPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesJack Ma’s Clash With Beijin  ( 10 min )

Bud Light, which held the top spot as the most-sold beer in 2022 and in the first four months of this year, has seen sales drop after a backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney. Target, which has sold Pride-themed merchandise in June for years, was forced to remove some of it following confrontations between customers and employees. Sales of Bud Light and Budweiser dropped 28% and 11.7%, respectively, for the four weeks ended July 1 from a year earlier, while Modelo Especial sales rose 8.5%, according to consulting company Bump Williams, which sources data from NielsenIQ.  ( 7 min )

Chinese tech stocks fall in the U.S. following concerning Chinese data, after a rally caused by hopes the regulatory crackdown on the sector is easing.  ( 26 min )

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(Bloomberg) -- Cava Group Inc.’s stock has surged since it started life as a listed company last month, and analysts generally agree further gains are on the way, with some comparing the fast-casual restaurant chain with another investor favorite: Chipotle Mexican Grill Inc.Most Read from BloombergPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionY  ( 8 min )

On Friday, Beijing announced a $985 million fine for Ant Group — an Alibaba affiliate — signaling an end to a years-long regulatory crackdown.  ( 8 min )

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Analysts warn that steps to limit market manipulation might not clear the Securities and Exchange Commission’s bar.  ( 26 min )

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The EV start-up announced plans to sell $300 million in convertible notes.  ( 29 min )

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Icahn and banks agreed to untie his personal loans from the trading price of Icahn Enterprises shares, The Wall Street Journal reported.  ( 26 min )

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Stocks were setting up to open lower Monday, kicking off a week where the focus will be on inflation, interest rates and the start of the second-quarter earnings season.  ( 7 min )

Foxconn said on Monday it is pulling out of a joint venture with Vedanta Ltd that was set up to make semiconductors from India.  ( 6 min )

The Secure Act 2.0 legislation that passed late last year added new retirement savings options but also has a few potential catches for unsuspecting savers. In my last column, I covered one set of these changes: new exceptions to the 10% federal penalty for tapping retirement money early. Catch-up provisions have long allowed older workers to put more money into retirement plans.  ( 8 min )

Fred Chapman has a message for Ford Motor Co, which is planning to build a sprawling factory on the outskirts of this town to make batteries for electric cars and which promises to employ 2,500 people. That’s a surprising view coming from Chapman, a 62-year-old toolmaker who has spent his whole career in manufacturing and watched, over the decades, as factory after factory in the region shut down, including one in Marshall that made auto parts where Chapman worked for nearly a decade. One of the most enduring ideas in the U.S. industrial heartland is that a manufacturing renaissance is necessary to finally shake the region's “Rust Belt” image.  ( 10 min )

The comedian and two other authors say their work was used to train AI-powered chatbots without their permission.  ( 7 min )

Chinese tech stocks fell in the U.S. following concerning Chinese data, after a rally caused by hopes the regulatory crackdown on the sector is easing.  ( 26 min )

(Bloomberg) -- Carl Icahn is getting breathing room from banks more than two months after Hindenburg Research disclosed its short-selling report against the billionaire’s investment firm, the Wall Street Journal reported. Most Read from BloombergJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingYellen  ( 7 min )

↗️ Icahn Enterprises (IEP): Carl Icahn finalized agreements that untie his loans from the trading price of his investment company’s  ( 21 min )

(Bloomberg) -- European stocks are the cheapest they’ve ever been compared with their US peers, according to Citigroup Inc. strategists who have adjusted their global asset allocation to reflect this view.Most Read from BloombergJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesChina’s  ( 7 min )

Some two dozen central banks across emerging and advanced economies are expected to have digital currencies in circulation by the end of the decade, the Bank for International Settlements (BIS) found in a survey published on Monday. Central banks around the globe have been studying and working on digital versions of their currencies for retail use to avoid leaving digital payments to the private sector amid an accelerating decline of cash.  ( 7 min )

U.S.-listed shares of Alibaba fall after surging 8% on Friday after China fined affiliate Ant Group nearly $1 billion, Meta's Threads surpasses 100 million users, and Delta and JPMorgan Chase kick off earnings season later this week.  ( 26 min )

Here is your Pro Recap of four head-turning deal dispatches you may have missed this week: Cronos attracts interest; Brookfield buys American Equity Investment Life, Thermo Fisher merges with CorEvitas, and Monster Beverage buys Bang Energy.  ( 8 min )

The China Association of Auto Manufacturers (CAAM) said in a statement on Saturday it recognised the agreement had violated China's antitrust law and would retract it. Intense competitive pressure: Since January, when Tesla cut prices in China, about two dozen automakers have followed with price cuts of their own to stay competitive and stoke demand.  ( 8 min )

Investing.com -- Analysts at Goldman Sachs have raised their price target for Nvidia (NASDAQ:NVDA), citing the potential for artificial intelligence to help boost the graphics card maker's performance.  ( 7 min )

(Bloomberg) -- A stronger-than-expected corporate earnings season alone won’t be enough to boost the S&P 500 this time around, according to one of the most bearish voices on Wall Street.Most Read from BloombergJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitMove Over Dubai. This Tiny Emirate Wants to Be the Next Haven for BillionairesChina’s Flood of Plastic,  ( 7 min )

Dara Khosrowshahi just sold $4.5 million of shares of the ride-hailing firm he heads, his first sales of Uber stock since January 2021.  ( 26 min )

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. reported better-than-expected sales on a boom in artificial intelligence applications demanding more of the industry-leading firm’s chipmaking capacity.Most Read from BloombergJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingYellen’s China Trip Of  ( 7 min )

Icahn has agreed to increase his collateral and set up a plan to fully repay the loans in three years, the report said, citing people familiar with the matter. Icahn's company became the target of short-seller Hindenburg Research in May. Among other concerns, Hindenburg flagged that Icahn had pledged more than 65% of his IEP stake as collateral for margin loans for "unspecified purposes."  ( 6 min )

The announcement came after China's financial regulator on Friday fined the Alibaba Group affiliate $984 million for violating laws and regulations, a move seen by many industry observers as a sign that a regulatory crackdown on the country's technology sector is over. In addition a lot of other tech darlings have also corrected by a lot over the past two years, so they aren't alone.  ( 8 min )

Deal unties his personal loans from the trading price of Icahn Enterprises.  ( 27 min )

China's inflation data for June surprised on the downside, with consumer prices slipping 0.2% on the month to leave annual CPI dead flat. On the face of it, this implies there is plenty of scope to ease monetary and fiscal policy further. Japan's experience shows what deflation combined with a shrinking population can mean for an economy.  ( 7 min )

(Bloomberg) -- As Middle Eastern sovereign wealth funds emerge as the go-to investors for some of the biggest deals, the world’s oldest and one of its largest is being eclipsed by its more ambitious, flashier neighbors. Most Read from BloombergJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingYellen’s  ( 9 min )

(Bloomberg) -- Miner Rio Tinto Group sees a host of near-term economic challenges in China, including in the country’s real estate industry, but reaffirmed its positive medium- and long-term outlook.Most Read from BloombergJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingWall Street Soothsayers Are B  ( 7 min )

Investors can’t stop looking over their shoulders for major risks looming in markets.  ( 25 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

(Bloomberg) -- Investors in Asian assets faced a host of competing forces as trading got underway in the region in Monday, from the risk of higher interest rates and recession to a potential turning point for Chinese tech companies and constructive dialogue between Beijing and Washington.Most Read from BloombergYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingW  ( 9 min )

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(Bloomberg) -- China’s consumer inflation rate eased to zero in June while factory-gate prices fell further, underlining continued weakness in demand and adding to concerns about the threat of deflation in the economy.Most Read from BloombergYellen Says US-China Ties on ‘Surer Footing’ After Beijing VisitJack Ma’s Clash With Beijing Costs Ant, Alibaba $850 BillionPowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetChina’s Flood of Plastic, Yellen Departs: Sunday Asia BriefingWall Stree  ( 6 min )

BEIJING (Reuters) -China's factory-gate prices fell at the fastest pace in over seven-and-a-half years in June, while consumer inflation was at its slowest since 2021, adding to the case for policymakers to use more stimulus to revive sluggish demand. Momentum in China's post-pandemic economic recovery has slowed from a brisk pickup seen in the first quarter amid faltering manufacturing and lacklustre consumer confidence. The producer price index (PPI) fell for a ninth consecutive month, down 5.4% from a year earlier, marking the steepest decline since December 2015.  ( 6 min )

Hong Kong shares of Alibaba Group were set to open up 5.5% on Monday after China fined its affiliate, Ant Group, $984 million for violating "laws and regulations", fuelling hopes that a years-long regulatory crackdown has come to an end. Alibaba's stock was set to open at HK$88.95. On Saturday, Ant Group announced a share buyback that values the fintech giant at $78.54 billion, well below the $315 billion touted in an abandoned IPO in 2020.  ( 6 min )

Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts from Saudi Arabia and Russia supported the market. Brent crude futures fell 22 cents, or 0.3%, to $78.25 a barrel by 0107 GMT, and U.S. West Texas Intermediate crude was at $73.57 a barrel, down 29 cents, or 0.4%. "Oil traders may be cautious ahead of the U.S. CPI and China's slew of economic data later this week," CMC Markets analyst Tina Teng said.  ( 7 min )

The dollar was on the back foot on Monday after a miss in U.S. jobs data scaled back market expectations on how much further the Federal Reserve would need to raise rates, while focus in the Asia day was on China's inflation data release. That sent the dollar tumbling nearly 1% against a basket of currencies on Friday while the yen and sterling surged. The Japanese yen last bought 142.30 per dollar in early Asia trade on Monday, having jumped 1.4% on Friday in the wake of the greenback's decline and a slump in U.S. Treasury yields.  ( 7 min )

An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank and sovereign wealth funds published on Monday. The financial market rout last year caused widespread losses for sovereign money managers who are "fundamentally" rethinking their strategies on the belief that higher inflation and geopolitical tensions are here to stay. Over 85% of the 85 sovereign wealth funds and 57 central banks that took part in the annual Invesco Global Sovereign Asset Management Study believe that inflation will now be higher in the coming decade than in the last.  ( 8 min )